Barclays cuts SLM price target to $22
The steep target reduction and continued price weakness support a bearish view, while the target remains close to the posted price.
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The steep target reduction and continued price weakness support a bearish view, while the target remains close to the posted price.
What happened, with direct paths to the underlying reporting
Barclays cut its SLM target from $26 to $22, a substantial reduction. The posted price was $21.76, and the stock had fallen 10.78% since the signal, reinforcing a bearish read.
Target: $22
Posted price: $21.76
Analyst firm: Barclays
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