Navient price target lowered to $14 from $16 at Keefe Bruyette

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.