Navient rises after Seaport Research upgrades to 'buy'

Navient

21/01/2025 19:38

** Shares of consumer lender Navient  NAVI.O  rise as much as
4%; last up 2.7% at $14.30
    ** Seaport Research upgrades NAVI to "buy" from "neutral"
and establishes $18 PT, a 29.3% upside to stock's last close
    ** Brokerage says although NAVI is a very small participant
in the in-school lending channel, the recent change in
administration gives it optimism that parts of the federal
student loan program could be outsourced to the private sector
to achieve savings in support of tax cuts
    **  One of 10 brokerages rate the stock "buy", seven "hold"
and two "sell"; their median PT is $14, according to data
compiled by LSEG   
    **NAVI stock slumped 28.6% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)
((mailto:ArasuKannagi.Basil@thomsonreuters.com))