First Marblehead Announces Third Quarter Financial Results

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Compass Point Downgrades First Marblehead (FMD) to Neutral

May 12, 2015 6:09 AM EDT

Compass Point downgraded First Marblehead (NYSE: FMD) from Buy to Neutral and maintained a price target of $7.00, noting expenses remain high.

Analyst Michael Tarkan commented, "We are downgrading FMD to Neutral, from Buy, but are maintaining our $7.00 price target after the company reported weaker-than-expected... More