BUZZ-Truist initiates OneMain with 'buy'

Reuters00:20
BUZZ-Truist initiates OneMain with 'buy'

** Truist Securities initiates coverage of personal loan provider OneMain Holdings OMF.N with a "buy" rating and a $75 PT, which is a 16% upside from its last close

** Brokerage cites disciplined underwriting, strong capital returns and a potential catalyst from its industrial loan company bank charter application

** The consumer lender, which focuses on non-prime borrowers, is expected to post adj. EPS of $8.15 in 2026 and $9.34 in 2027, supported by a shift towards share buybacks, brokerage says

** Truist sees upside from the $1 billion repurchase authorization through 2028

** 10 of 16 analysts rate the stock "buy" or "strong buy", 6 "hold"; median PT $65.50 - data compiled by LSEG

** As of Friday close, OMF up 24% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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