Compass Point Starts SLM Corp. (SLM) at Buy, Sees Another Leg Up
Tweet
Share
E-mailGet Alerts SLM Hot Sheet
Price: $21.09 +1.49%
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Compass Point initiates coverage on SLM Corp. (NASDAQ: SLM) with a Buy. PT $21.00.
"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," analyst Michael Tarkan said. "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.
As the SLM conversation shifts farther away from the run-off FFELP segment, investors will refocus on the growing private lending business, the analyst notes.
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 $16.66 yesterday.
"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," analyst Michael Tarkan said. "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.
As the SLM conversation shifts farther away from the run-off FFELP segment, investors will refocus on the growing private lending business, the analyst notes.
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 $16.66 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Resumes EQT Corp. (EQT) at Hold
- B.Riley Resumes QuinStreet, Inc. (QNST) at Buy
- JMP Securities Starts The RMR Group Inc. (RMR) at Market Perform, 'Pure-Pay'
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
