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Fly News Breaks for April 25, 2019
NAVI
Apr 25, 2019 | 06:57 EDT
JPMorgan analyst Richard Shane upgraded Navient to Overweight from Neutral and raised his price target for the shares to $14.50 from $12.50. The analyst is encouraged by Navient's traction on new business initiatives following its guidance increase. Further, Shane says Navient is one of the few liability-sensitive companies that he covers and that the interest rate outlook now looks neutral to favorable.
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