OneMain price target raised to $63 from $60 at Compass Point

Compass Point raised the firm’s price target on OneMain (OMF) to $63 from $60 and keeps a Buy rating on the shares. With an inflection in capital generation expected in FY25, which could carry through to FY26, and an “impressive dividend yield” of about 8% that could become “increasingly well covered,” the firm believes OneMain shares “present a very good total return at these levels and should continue to outperform,” the analyst tells investors.