SLM price target raised by $2 at Compass Point, here’s why

Compass Point analyst Giuliano Bologna raised the firm’s price target on SLM to $21 from $19 and keeps a Buy rating on the shares after the company’s investor forum on Tuesday. After SLM provided a five-year framework at the event, the firm believes the primary takeaways were increased visibility around the company’s loan sale volume outlook and the favorable EPS growth trajectory over the five-year period, the analyst tells investors.