TD Cowen Downgrades Navient to Underperform, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Moshe Orenbuch has downgraded Navient (NASDAQ:NAVI) from Market Perform to Underperform and reduced the price target from $17 to $15, indicating a bearish outlook on the company's stock.
January 08, 2024 | 3:38 pm
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Navient's downgrade by TD Cowen from Market Perform to Underperform, accompanied by a price target reduction from $17 to $15, suggests a negative sentiment towards the stock's short-term performance.
Downgrades by analysts, especially from a neutral to a negative stance, can lead to a decrease in investor confidence and a potential drop in stock price. The reduction in price target further emphasizes the analyst's bearish view, which may influence market sentiment and result in a short-term negative impact on Navient's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100