JPMorgan lowered the firm’s price target on Navient (NAVI) to $8.50 from $10.50 and keeps a Neutral rating on the shares. The firm adjusted targets in the consumer finance group as part of a Q1 earnings preview. The macroeconomic environment “remains volatile and unpredictable,” the analyst tells investors in a research note. JPMorgan says “selectivity remains paramount” in this environment.
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