From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 40s
Slm Shares Drop 5.1% After Wall Street Target Cuts
Morgan Stanley and four firms cut SLM price targets by double digits as student loan servicer shares fall 5.1%.
In brief
Morgan Stanley and four firms cut SLM price targets by double digits as student loan servicer shares fall 5.1%. Slm Corporation shares dropped 5.1% to $17.82 after five Wall Street firms reduced price targets by an average of 13.2%. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Slm Shares Tumble
Slm Corporation shares tumbled 5.1% Wednesday to $17.82.
Five Firms Slash Targets
Five major Wall Street firms slashed their price targets by an average of 13.2%.
Morgan Stanley Target Cut
Morgan Stanley cut its target from $30 to $26 while maintaining an Overweight rating.
What to Watch
Investors should monitor whether management addresses analyst concerns on next earnings call.
The big picture
Slm Corporation shares dropped 5.1% to $17.82 after five Wall Street firms reduced price targets by an average of 13.2%.
