SLM rises; BofA starts coverage with 'buy'
25/09/2024 17:53
** Student loan services provider SLM Corp's SLM.O shares
rise about ~2% to $21.96
** BofA Global Research initiates coverage on SLM with a
"buy" rating; price objective of $27
** Brokerage expects higher college enrollment and surge in
college prices to boost student loan growth for SLM
** BofA also expects SLM to increase market share as
competitors leave the student loan market
** 10 of 11 analysts rate the stock "buy" or higher, 1
"hold"; their median PT is $27 - LSEG data
** Including session's moves, stock up nearly 15% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.Srivastava2@thomsonreuters.com))