Compass Point Starts Nelnet (NNI) at Buy

March 8, 2013 7:01 AM EST Send to a Friend
Get Alerts NNI Hot Sheet
Price: $46.62 -2.08%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Compass Point initiates coverage on Nelnet (NYSE: NNI) with a Buy. PT $41.00.

The firm comments, "At first glance, the Nelnet story may appear uninspiring as the company no longer originates federal student loans, and earnings, which are primarily tied to the legacy Federal Family Education Loan Program (FFELP), should ultimately trend lower. However, beneath the surface, we believe the company represents an underappreciated, undervalued, and low-risk cash flow story; and although the stock has recently outperformed, several potential catalysts lie ahead related to FFELP M&A and additional capital activity, that should drive another leg up in the stock."

For an analyst ratings summary and ratings history on Nelnet click here. For more ratings news on Nelnet click here.

Shares of Nelnet closed at $34.49 yesterday.

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