As previously reported, Morgan Stanley analyst Jeffrey Adelson upgraded Navient to Equal Weight from Underweight with a price target of $16, up from $14. Lower odds of student loan forgiveness means lower EPS risk, improved sentiment from slower FFELP loan run-off and easing headline risk, Adelson contends.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NAVI: