Citadel Securities Starts SLM Corp. (SLM) at Edge Positive; Extreme Makeover: Looking Attractive after Split with Uncle Sam

Citadel Securities initiates coverage on SLM Corp. (NYSE: SLM) with a Edge Positive. PT $22.

Citadel analyst said, "We favor Sallie Mae for several reasons, including the predictability of cash flows from the FFEL portfolio, further consolidation opportunities, and an improving credit and growth outlook for the private loan business. Furthermore, we believe that as investors gain confidence in the sustainability and growth potential of Sallie Mae’s earnings, a re-rating of the stock will result. We are initiating with aboveconsensus estimates for 2011, 2012 and 2013 of $1.81, $2.06 and $2.25, respectively."

For more ratings news on SLM Corp. click here and for the rating history of SLM Corp. click here.

Shares of SLM Corp. closed at $16.22 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Etsy upgraded to buy at BofA on durable growth, buyback potential
• 'We expect salesforce.com (CRM) to capture a meaningful share of next-gen agentic workflows': Cantor
• China semiconductor equipment imports grow 9% in July, Barclays comments