trending Market Intelligence /marketintelligence/en/news-insights/trending/fo95wtqapzunrk1bfvaedw2 content esgSubNav
In This List

Piper Jaffray initiates coverage of OneMain Holdings

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Piper Jaffray initiates coverage of OneMain Holdings

Piper Jaffray analyst Kevin Barker initiated coverage of OneMain Holdings Inc. with an "overweight" rating and a price target of $37.

Barker expects the company's valuation gap to consumer lenders to narrow as more transparent and consistent GAAP earnings with purchase accounting accretion running off, lower merger expenses and potential sale of noncore assets develop over the next year.

The analyst expects the company's focus on its "more profitable" secured lending business to improve risk-adjusted returns in the medium to long term.

Barker introduced EPS predictions of $4.64 and $5.29 for 2018 and 2019, respectively.