Navient (NAVI) Tops Q1 EPS by 3c
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Compass Point Raises Price Target on Navient (NAVI) Following 1Q Earnings Call
April 20, 2016 1:25 PM EDTCompass Point reiterated a Neutral rating on Navient Corporation (NASDAQ: NAVI), and raised the price target to $13.00 (from $11.00), following the company's 1Q earnings call. Management continues to expect the final outcome from Moody's and Fitch reviews to be more favorable than initial guidance/commentary. Also, given the resumption of FFELP ABS activity, management expects there to be renewed interest from legacy holders to sell their... More
