Barclays analyst Terry Ma lowered the firm’s price target on Navient to $11 from $13 and keeps an Underweight rating on the shares. The company’s Q1 results missed estimates and the earning guidance was lowered as net interest margin continues to face additional headwinds, the analyst tells investors in a research note. The firm thinks Navient’s issues and the execution risk around the cost reduction plans will continue to weigh on the shares going forward.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NAVI:
- Navient posts first quarter 2024 financial results
- Navient Corporation (NAVI) Q1 Earnings Cheat Sheet
- Feds Discover Student Loan Billing Errors, Navient (NASDAQ:NAVI) Takes Hit
- Navient to announce first quarter 2024 results, host earnings webcast April 24
- Duncan Solutions Appoints Jason Sutton as Senior Vice President, Parking and Mobility Solutions