TD Cowen analyst Moshe Orenbuch lowered the firm’s price target on Navient (NAVI) to $13 from $14 and keeps a Sell rating on the shares. The firm said the miss to Cowen’s estimate was mainly driven by lower fee revenue and higher loan loss provision, partially offset by lower opex.
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Read More on NAVI:
- Navient’s Financial Exposure: Navigating Asset-Liability Funding Gaps and Interest Rate Risks
- Navient Corporation Releases Q3 2024 Financial Results
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