Onity Group Announces Multiple Transactions to Accelerate Capital Restructuring

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B.Riley Reiterates Buy Rating on Onity Group, Inc. (ONIT)

October 1, 2024 6:24 AM UTC

B.Riley analyst Matt Howlett reiterated a Buy rating and $50.00 price target on Onity Group, Inc. (NYSE: ONIT).

The analyst comments "Onity Group (ONITBuy, $50 PT) outlined four transactions this morning regarding its ongoing capital restructuring, accelerating our long-standing de-levering thesis and leaving us incrementally positive. In sum, the release details that ONIT will redeem at least $150M of its 13.25% 2027 notes, has already taken out $23.5M of its... More