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Fly News Breaks for January 24, 2020
SLM
Jan 24, 2020 | 06:31 EDT
Citi analyst Arren Cyganovich removed Sallie Mae from Citi's US Focus List while raising the stock's price target to $14 from $11. The analyst maintains a Buy rating on the shares. Despite the 29% increase in the stock Thursday, Cyganovich believes there should be additional upside over the next year for the shares. Sallie Mae's decision to sell loans at a gain and repurchase shares "should provide solid support for the shares over the intermediate term," says the analyst. The removal from the Focus List reflects the stock's strong recent returns.
News For SLM From the Last 2 Days
SLM
Apr 24, 2024 | 16:35 EDT
SLM
Apr 24, 2024 | 16:34 EDT
Reports Q1 NII $387M vs. $405M last year. Reports Q1 net interest margin 5.49% vs. 5.70% last year.
