UPDATE: Compass Point Initiates SLM Corporation at Buy on Reduced Regulatory Risks

Loading...
Loading...
Compass Point initiated coverage on SLM Corporation
SLM
with a Buy rating and a $21 price target. Compass Point noted, "We contend that SLM remains an attractive and unique story among financials, exhibiting improving credit, meaningful loan origination growth, consistent capital returns, and benefits from low interest rates, all at a reasonable valuation. Furthermore, we see less regulatory risk and expect limited downside ahead of the election, and would view Republican control of either the presidency or congress as a positive catalyst for the stock. Ultimately, as the SLM conversation shifts farther away from the run-off FFELP segment, investors will refocus on the growing private lending business, which should benefit from stronger underwriting, federal/state budgetary constraints and depressed university endowments, driving higher tuition costs and increased demand for private loans." SLM Corporation closed at $16.66 on Wednesday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationIntraday UpdateAnalyst RatingsCompass Point
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...