Barclays analyst Terry Ma raised the firm’s price target on SLM to $23 from $16 and keeps an Overweight rating on the shares. The firm favors (SLM) in the consumer financial group, thinking it is the “cleanest name” into the print, and continues to like American Express (AXP) and OneMain Financial (OMF). However, it thinks setup into the Q4 prints may be more challenging given valuations are now closer to historical averages.
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Read More on SLM:
- SLM downgraded to Neutral from Overweight at JPMorgan
- SLM price target raised by $2 at Compass Point, here’s why
- SLM price target raised by $2 at Morgan Stanley, here’s why
- SLM price target raised by $3 at Wedbush, here’s why
- SLM price target raised by $3.50 at TD Cowen, here’s why
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