Stephens & Co. Downgrades Navient to Underweight, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Vincent Caintic downgraded Navient (NASDAQ:NAVI) from Equal-Weight to Underweight and set a price target of $16.
January 02, 2024 | 1:57 pm
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NEGATIVE IMPACT
Navient was downgraded by Stephens & Co. from Equal-Weight to Underweight with a new price target of $16.
Downgrades by analysts can lead to negative investor sentiment and potential stock price decline. The new price target of $16 suggests a bearish outlook on the stock's value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100