Jefferies Downgrades Navient to Hold, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Hecht has downgraded Navient (NASDAQ:NAVI) from Buy to Hold and lowered the price target from $22 to $16.
November 09, 2023 | 12:20 pm
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Navient's stock has been downgraded from Buy to Hold by Jefferies analyst John Hecht, who also lowered the price target from $22 to $16.
The downgrade from Buy to Hold indicates a less optimistic outlook for Navient's stock by Jefferies. The lowering of the price target from $22 to $16 suggests that the analyst expects the stock's price to decrease in the short term. This could potentially lead to a negative impact on the stock's price.
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