Morgan Stanley Starts SLM Corp. (SLM) at Underweight

October 7, 2022 6:33 AM EDT
Get Alerts SLM Hot Sheet
Price: $17.10 +2.03%

Rating Summary:
    11 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 13 | New: 17
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Morgan Stanley analyst Jeffrey Adelson initiates coverage on SLM Corp. (NASDAQ: SLM) with an Underweight rating and a price target of $15.00.

The analyst commented, "Initiating with Underweight ratings on student lenders NAVI & SLM. Valuations look cheap, but near-term risks skew negative. We think consensus earnings are likely headed lower on 3 near-term headwinds: higher rates, rising delinquencies, and political/regulatory headline risk."

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 $15.88 yesterday.

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