OneMain price target raised to $62 from $57 at JMP Securities

JMP Securities analyst David Scharf raised the firm’s price target on OneMain to $62 from $57 and keeps an Outperform rating on the shares. The company demonstrated continued progress in rolling off underperforming vintages originated prior to its August 2022 credit tightening, while also making further progress on expense controls, the analyst tells investors in a research note.