TD Cowen lowered the firm’s price target on Navient (NAVI) to $12 from $12.50 and keeps a Sell rating on the shares. The firm said Q4 earnings were weak and 2025 guidance was lower on a weaker revenue outlook.
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Read More on NAVI:
- Navient Releases Fourth Quarter 2024 Earnings Results
- Navient sees FY25 adjusted EPS $1.00-$1.20, consensus $1.48
- Navient: Guidance doesn’t assume any additional share repurchases
- Navient: Outlook doesn’t assume opportunities for products from policy changes
- Navient reports Q4 core EPS (24c), consensus 22c