Stephens & Co. Maintains Equal-Weight on Navient, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Vincent Caintic maintains an Equal-Weight rating on Navient (NASDAQ:NAVI) and lowers the price target from $20 to $16.
October 26, 2023 | 1:59 pm
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Navient's price target has been lowered from $20 to $16 by Stephens & Co. The rating remains at Equal-Weight.
The lowering of the price target by Stephens & Co. indicates a less optimistic outlook for Navient's stock, which could potentially lead to a decrease in its stock price in the short term. However, the maintenance of the Equal-Weight rating suggests that the analyst still sees some balance in the stock's risk and reward.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100