SLM price target raised to $23 from $21 at Compass Point

Compass Point raised the firm’s price target on SLM to $23 from $21 and keeps a Buy rating on the shares after the company reported “solid” Q4 results and FY24 guidance. FY24 guidance calls for non-GAAP core EPS of $2.60-$2.70 and the midpoint of every metric was increased above the figures laid out during the December Investor Forum, the analyst tells investors.