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Fly News Breaks for October 8, 2015
NAVI
Oct 8, 2015 | 05:41 EDT
Goldman Sachs analyst Eric Beardsley upgraded Navient to Buy saying the recent pullback in shares is overdone. Beardsley sees 30%-plus total return potential for shares with "relatively limited" downside risk given the company's $9 per share tangible book value and earnings from government guaranteed loans. He lowered his price target for shares to $15 from $19.
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