OneMain Holdings price target raised to $55 from $50 at RBC Capital

RBC Capital analyst Kenneth Lee raised the firm’s price target on OneMain Holdings to $55 from $50 and keeps an Outperform rating on the shares. The company’s delinquency trends seem consistent with seasonal patterns and the management’s outlook for net charge-offs is unchanged, with originations coming stronger than expected despite tight credit box, the analyst tells investors in a research note. RBC remains positive on OneMain’s durable business model and capital generation potential.