SLM Corp falls after JP Morgan downgrades to 'underweight'

Shares of student loan provider SLM Corp SLM.O down 2.6% to $26.89

J.P. Morgan downgrades to "underweight" from "neutral"; cuts PT to $25 from $29

Cites President Trump's proposal requiring issuers to limit interest rates on credit cards to 10% for one year, with implementation expected by January 20

Sees elevated cyclical credit risk as college graduates face tougher job market

Believes that longer term, SLM’s business model will face structural challenges as value of college degree may be questioned due to increasing AI-driven disruptions

7 of 11 brokerages rate stock "buy" or higher, 2 "hold" and 2 "sell"; median PT is $33.50 - LSEG data

Stock down ~2% in 2025