Morgan Stanley lowered the firm’s price target on SLM (SLM) to $36 from $37 and keeps an Overweight rating on the shares after Q3 EPS of 63c missed expectations by 19c on reserve build and a lower top-line. Delinquencies were higher year-over-year, as expected, but perhaps not as bad as feared, the analyst added.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLM:
- Positive Outlook for SLM Amid Rising Delinquencies and Strategic Partnerships
- SLM price target lowered to $33 from $38 at Wells Fargo
- SLM’s Strong Market Position and Strategic Initiatives Justify Buy Rating Despite EPS Miss
- Sallie Mae Reports Strong Q3 2025 Results
- SLM reports Q3 EPS 63c, consensus 80c