Barclays lowered the firm’s price target on Navient (NAVI) to $9 from $11 and keeps an Underweight rating on the shares. The firm says provisions drove another miss in for Navient in Q4 due to a reserve build for its legacy student loan book. The company’s 2026 earnings guidance was lower as it includes provision headwinds from a stronger origination guide, the analyst tells investors in a research note.
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