BofA lowered the firm’s price target on Navient (NAVI) to $8.50 from $10 and keeps an Underperform rating on the shares. The firm is lowering price targets for a number of stocks in the consumer finance group to account for revised estimates, lower market multiples and higher macro uncertainty.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NAVI: