JP Morgan Maintains Underweight on Navient, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has maintained an 'Underweight' rating on Navient (NASDAQ:NAVI) and lowered the price target from $19.5 to $18.
October 17, 2023 | 4:10 pm
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NEGATIVE IMPACT
JP Morgan has maintained an 'Underweight' rating on Navient and lowered the price target from $19.5 to $18.
The 'Underweight' rating maintained by JP Morgan indicates a negative outlook for Navient. The lowering of the price target from $19.5 to $18 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100