SLM price target raised to $32 from $30 at RBC Capital

RBC Capital raised the firm’s price target on SLM (SLM) to $32 from $30 and keeps an Outperform rating on the shares after its Q4 earnings. The company’s results were acceptable in a seasonally softer origination quarter, though the growth was strong on a year-over-year basis, the analyst tells investors in a research note. SLM’s Private Education Loan losses were modestly higher this quarter, but the management remains optimistic that the loss curve is normalizing towards its longer-term historical levels, RBC added.