OneMain price target raised to $60 from $59 at JMP Securities

JMP Securities raised the firm’s price target on OneMain to $60 from $59 and keeps an Outperform rating on the shares. JMP saw a mixed bag during Q2 among the Consumer Finance and Consumer FinTech stocks, although almost all names have shared in the broader rally in financials in recent days as rate cut prospects increase, the firm says. The firm recommends OneMain into the earnings report, as it has proven to be among the best-performing consumer finance stocks in the firm’s coverage, the analyst tells investors in a research note.