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Fly News Breaks for January 13, 2016
SLM
Jan 13, 2016 | 06:07 EDT
Goldman Sachs analyst Eric Beardsley upgraded Sallie Mae given expectations private loan origination will grow at at stable rate of 5% over the next few years and sees additional upside from the potential easing of capital requirements. The analyst believes investor concerns on gain-on-sale and regulatory risk are overdone and views valuation as attractive despite lowering his price target to $7.50 from $9 on shares.
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