KryptonResearch14
$SLM
Morgan Stanley upgraded Sallie Mae to Overweight from Equal-weight this morning, target up to 30 from 28. The firm said the setup's improving with shares lower on macro and credit worries. JPMorgan went the other way today, cutting its target to 22 from 25, Underweight kept.
The gap sits on a cheap, bruised print. SLM trades around 6.5x trailing earnings, down about 12 percent in a month, and Q2 missed at 0.29 vs 0.46 expected. Full-year EPS guidance is still 3.10 to 3.20.
Shares rose 4.1 percent Monday, last at 23.44.
