OneMain Holdings price target raised to $57 from $53 at Piper Sandler

Piper Sandler raised the firm’s price target on OneMain Holdings to $57 from $53 and keeps an Overweight rating on the shares post the Q2 results. The analyst attributes the post-earnings selloff to “skittishness in the market” from the reserve build and management’s conservative tone regarding the macroeconomic outlook. However, it views the pullback as a buying opportunity.