Nelnet price target raised to $140 from $135 at TD Cowen

TD Cowen analyst Moshe Orenbuch raised the firm’s price target on Nelnet (NNI) to $140 from $135 and keeps a Hold rating on the shares. The firm updated its price target to reflect is outlook in the Specialty Finance sector affected by macro economic factors and secualr growth in various areas of credit card, auto lending, student lending, non-prime lending, buy-now-pay-later, and lease to own.