Keefe Bruyette lowered the firm’s price target on Navient (NAVI) to $14 from $16 and keeps a Market Perform rating on the shares as part of a Q1 earnings preview for the consumer finance space. The quarter “was a rollercoaster” with the first half starting as strong and the second half “dropping off precipitously,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NAVI: