SLM (SLM) Misses Q4 EPS by 79c, Offers Guidance

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Go back to SLM (SLM) Misses Q4 EPS by 79c, Offers Guidance

Wells Fargo cuts SLM Corp. (SLM) as credit issues persist

February 3, 2023 1:35 PM EST

Wells Fargo downgraded SLM Corporation (SLM) to an Equal Weight rating (From Overweight) and cut the price target on the stock to $16.00 (From $19.00) as the consumer banking company continues to experience credit issues.

Analyst Michael Kaye believes that persistent credit issues have damaged management's credibility. He does not see any visible catalysts to move the shares higher, and thinks it will take time to regain investor... More