SLM price target raised to $25 from $24 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on SLM to $25 from $24 and keeps an Outperform rating on the shares. The company’s quarterly results reflected an improved loan sale gain this quarter, slightly higher spread revenues, and seasonally higher expense levels, the analyst tells investors in a research note. Private Education Loan losses also continue to demonstrate relative stability in recent quarters, and the firm expects stable to declining losses moving through 2024, RBC added.