UPDATE: Sallie Mae (SLM) Tops Q4 EPS by 2c; Guides FY16 Core EPS Below Views
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Compass Point Sees Sallie Mae's (SLM) Green Light for Higher Annual Growth Cap as a Positive - Reiterates Buy
January 21, 2016 1:46 PM ESTCompass Point maintained a Buy rating on SLM Corp. (NASDAQ: SLM), and cut the price target to $8.00 (from $11.00), following the company's announcement that it has recieved regulatory approval to grow beyond its restrictive 20% annual cap. Compass Point views this announcement, as well as management's expectation of retaining loans on balance sheet, as a clear positive as it removes a significant source of volatility... More
Compass Point Reiterates Buy on Sallie Mae (SLM) Following 4Q Earnings and 2016 Guidance
January 21, 2016 7:29 AM ESTCompass Point reiterated a Buy rating and $11.00 price target on SLM Corp. (NASDAQ: SLM) after the company reported better than expected 4Q15 earnings and guidance. The company provided EPS guidance for 2016 of $0.49-$0.51 that, on the surface, looks light compared to consensus of $0.65. However, it is our sense that the guidance... More
