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Fly News Breaks for January 6, 2017
NAVI
Jan 6, 2017 | 07:24 EDT
DA Davidson analyst Arren Cyganovich initiated Navient with a Buy and a $21 price target. The analyst believes Navient can use its scale and servicing expertise to win new portfolio acquisitions and expand into new areas, such as increasing its penetration into healthcare receivables management. He believes renewed attention to growth opportunities creates catalysts for shares. Additionally, the incoming Administration and Congress likely limits past regulatory/legislative risks and creates potential to drive new opportunities for the company ahead. Cyganovich thinks purchasing additional loan portfolios will help bridge the gap to further grow its non-education-related fee income as a proportion of overall revenues.
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