What To Know About Morgan Stanley's Upgrade of Navient

Morgan Stanley upgraded its rating of Navient NAVI to Equal-Weight with a price target of $16.00, changing its price target from $14.00 to $16.00.

Shares of Navient are trading up 1.27% over the last 24 hours, at $16.78 per share.

A move to $16.00 would account for a 4.65% decrease from the current share price.

About Navient

Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.