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Fly News Breaks for September 5, 2017
NAVI
Sep 5, 2017 | 09:17 EDT
Compass Point upgraded Navient to Buy from Neutral with a $16.50 price target. Analyst Michael Tarkan believes the regulatory environment for student lenders/servicers will become more benign over the next few years following the Department of Educations announcement that it intends to end two information sharing agreements with the CFPB related to oversight of federal loans. The analyst expects Navient to be a beneficiary of reduced regulation and said the recent pullback in shares provides an favorable entry point.
News For NAVI From the Last 2 Days
NAVI
Apr 26, 2024 | 08:51 EDT
TD Cowen analyst Moshe Orenbuch lowered the firm's price target on Navient to $13 from $14 and keeps a Sell rating on the shares. The firm rreducred its estimates and price target following Q1 earnings.
NAVI
Apr 25, 2024 | 10:50 EDT
Consumer Finance Analyst Shane holds a conference call with Head of Investor Relations Earyes to discuss earnings on April 25 at 1 pm. Webcast Link
NAVI
Apr 25, 2024 | 04:56 EDT
Barclays analyst Terry Ma lowered the firm's price target on Navient to $11 from $13 and keeps an Underweight rating on the shares. The company's Q1 results missed estimates and the earning guidance was lowered as net interest margin continues to face additional headwinds, the analyst tells investors in a research note. The firm thinks Navient's issues and the execution risk around the cost reduction plans will continue to weigh on the shares going forward.