Barclays Maintains an 'Overweight' on SLM Corp. (SLM); Clearing Up Bubble Concerns/Regulatory Risk
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Price: $23.10 -0.13%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade SLM Now!
Barclays maintains an 'Overweight' on SLM Corp. (NASDAQ: SLM) price target of $18.00.
Analyst, Mark C. DeVries, said many investors were questioning the idea of a 'debt bubble' and what impacts, if any, could affect SLM. DeVries' conclusion was that there is no bubble, despite the rise in loans to $1 trillion. However, if a bubble does exist, he feels that SLM's risk would be modest and the bulk of the issues would be toward the for-profit college sector.
Separately, DeVries doesn't expect the upcoming Consumer Financial Protection Bureau's study to be negative catalyst to shares.
For an analyst ratings summary and ratings history on SLM Corp. click here. For more ratings news on SLM Corp. click here.
Shares of SLM Corp. closed at $15.29 yesterday, with a 52 week range of $10.91-$17.11.
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Analyst, Mark C. DeVries, said many investors were questioning the idea of a 'debt bubble' and what impacts, if any, could affect SLM. DeVries' conclusion was that there is no bubble, despite the rise in loans to $1 trillion. However, if a bubble does exist, he feels that SLM's risk would be modest and the bulk of the issues would be toward the for-profit college sector.
Separately, DeVries doesn't expect the upcoming Consumer Financial Protection Bureau's study to be negative catalyst to shares.
For an analyst ratings summary and ratings history on SLM Corp. click here. For more ratings news on SLM Corp. click here.
Shares of SLM Corp. closed at $15.29 yesterday, with a 52 week range of $10.91-$17.11.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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