UPDATE: RBC Capital Starts SLM Corp. (SLM) at Sector Perform

(updating comment)

RBC Capital analyst Jon Arfstrom initiates coverage on SLM Corp. (NASDAQ: SLM) with a Sector Perform rating and a price target of $14.00.

The analyst comments "We view Sallie Mae as a dominant player in an attractive asset class. The company also has a history of generating attractive mid-teens percentage ROEs. While there is uncertainty about potential reform and the impacts of the pandemic on higher education, ultimately we believe the headwinds can be manageable. We see SLM as very well positioned, though we believe shares are fairly valued at this time. While we are initiating coverage at Sector Perform, we have a high opinion of the company’s quality and longer-term outlook."

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 $12.40 yesterday.

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