Sallie Mae (SLM) Stock Is Rising Today After Analyst Upgrade

NEW YORK (TheStreet) -- Shares of SLM Corp.  (SLM) are higher by 2.98% to $10.01 in pre-market trading Monday after the company was upgraded to "buy" from "neutral" at Goldman Sachs with a higher price target of $11.50 from $9.50.

Goldman Sachs analysts raised its rating this morning saying the stock's discount to other high growth banks is unjustified.

The investment firm said it thinks Sallie Mae will be among the best growth stories in financials over the next two to three years.

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The Newark, DE-based Sallie Mae is a holding company operating under three business segments including consumer lending, business services and FFELP Loans.

Shares of Sallie Mae closed at $9.72 on Monday.

SLM Chart SLM data by YCharts

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