SLM price target raised to $35 from $33 at Wells Fargo

Wells Fargo raised the firm’s price target on SLM (SLM) to $35 from $33 and keeps an Overweight rating on the shares. The firm likes the stock into the investor forum as it should provide confidence that delinquencies have peaked. And clarity on the KKR credit partnership economics will be a positive, as it adds funding firepower for the pending ramp in origination volumes, says Wells.