Keefe, Bruyette & Woods is out with a note, where it initiates a “Market Perform” rating on shares of Nelnet, Inc. NNI; it also has raised its price target to $23.00 on the stock.
NNI reported an EPS of $1.17 in the second quarter, which heavily beat out KBW estimates of $0.91 and consensus estimates of $0.95. The better-than-anticipated EPS was driven by higher-than-expected net interest income.
Nelnet is an education finance company that offers a variety of products to help students enroll in and pay for K-12 and higher education.
Shares of NNI are currently trading at $21.46, up 52 cents on the day.
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