TD Cowen lowered the firm’s price target on Navient (NAVI) to $12 from $13.50 and keeps a Sell rating on the shares. The firm noted the company reported 2Q core EPS ex special items of $0.21 versus estimates of $0.29 and consenus $0.27. The miss in both NII and provision was driven by weaker credit.
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Read More on NAVI:
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