Navient +6.5% as Compass Point upgrades to Buy

|About: Navient Corp (NAVI)|By:, SA News Editor

"Everything looks better," says analyst Michael Tarkan, upgrading Navient (NAVI +6.5%) to Buy from Neutral.

Improving credit trends, seasoning, significant levels of reserves, increasing mix towards refi-loans, lower provision expenses are all positive, according to Tarkan, and growth in loan volumes should come in a couple of years.

Tarkan also notes Canyon Capital increased its stake in Navient to 7.8% from 5.8%, and wants to be more involved with board membership and value creation for shareholders.

Source: Bloomberg

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