TD Cowen Initiates Coverage On Navient with Market Perform Rating, Announces Price Target of $17
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Moshe Orenbuch has initiated coverage on Navient (NASDAQ:NAVI) with a Market Perform rating and a price target of $17.

November 01, 2023 | 6:05 pm
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Navient has been initiated with a Market Perform rating by TD Cowen, with a price target of $17.
The initiation of coverage by TD Cowen with a Market Perform rating suggests that the analyst believes Navient's stock will perform in line with the market. This could potentially attract investors looking for stable returns. However, the impact on the stock price in the short term is neutral as the rating is neither particularly bullish nor bearish.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100