Barclays Downgrades Navient to Underweight, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Devries has downgraded Navient (NASDAQ:NAVI) from Equal-Weight to Underweight and reduced the price target from $17 to $14.

January 10, 2024 | 11:46 am
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Barclays analyst Mark Devries downgraded Navient from Equal-Weight to Underweight and lowered the price target from $17 to $14.
The downgrade by Barclays reflects a negative outlook on Navient's stock, suggesting that the analyst believes the stock will underperform the market or its sector. A lower price target indicates that the analyst expects the stock's market price to decrease, which can lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
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