Barclays raised the firm’s price target on SLM (SLM) to $38 from $34 and keeps an Overweight rating on the shares. The firm sees potential earnings per share upside of 20%-50% for SLM from an expansion of the private student lending market. Changes to the federal student loan program are likely, the analyst tells investors in a research note. Barclays points out the recently released House budget plan targets $330B in cuts for higher education over 10 years.
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