Citigroup Maintains Neutral on Navient, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Navient (NASDAQ:NAVI) and lowered the price target from $18 to $17.
October 26, 2023 | 3:22 pm
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NEUTRAL IMPACT
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Navient and lowered the price target.
As the issuer of the rating and price target, this news reflects on Citigroup's analysis capabilities. However, it does not directly impact Citigroup's own stock value.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Navient's price target has been lowered from $18 to $17 by Citigroup, while maintaining a Neutral rating.
The lowering of the price target by Citigroup indicates a potential decrease in Navient's stock value in the short term. However, the maintained Neutral rating suggests that the overall outlook for the company remains stable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100