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SLM price target raised to $38 from $34 at Barclays

Barclays raised the firm’s price target on SLM (SLM) to $38 from $34 and keeps an Overweight rating on the shares. The firm expects the proposed changes to federal student lending will stay in the “One Big Beautiful Bill Act” given the material cost savings to the federal budget. It estimates 27%-53% upside to SLM originations as a result.

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