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SLM price target raised to $40 from $33 at Jefferies

Jefferies analyst John Hecht raised the firm’s price target on SLM (SLM) to $40 from $33 and keeps a Buy rating on the shares. For Q2, the firm expects margin compression from balance sheet repricing to be offset by strong loan growth, says the analyst, who notes that the firm’s core EPS forecast of 52c compares to the Street’s 50c consensus.

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