Wells Fargo raised the firm’s price target on SLM to $24 from $22 and keeps an Overweight rating on the shares. The firm is reducing its Q1 EPS to $1.18, but still ahead of consensus at $1.08. Wells has seen delinq. trends improve sharply in the ABS, and thinks they should have a positive credit update on the Q1 earnings call on April 24th.
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