Barclays Maintains Underweight on Navient, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Devries maintains an Underweight rating on Navient (NASDAQ:NAVI) and lowers the price target from $13 to $11.
April 25, 2024 | 6:01 pm
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Barclays maintains an Underweight rating on Navient and lowers the price target from $13 to $11.
The reduction in price target by Barclays, a major financial institution, signals a bearish outlook on Navient's stock. This adjustment reflects concerns about Navient's future performance and may lead to a negative investor sentiment in the short term, potentially causing the stock price to decrease.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100