Morgan Stanley Upgrades SLM Corporation – Preferred Stock to Overweight from Equal-Weight

Fintel reports that on October 12, 2026, Morgan Stanley upgraded its view on SLM Corporation – Preferred Stock (NASDAQGS:SLMBP) from Equal-Weight to Overweight. This rating adjustment follows the firm’s earlier assessment on July 20, 2026, when it had held the Equal-Weight designation. On the same day, October 12, 2026, additional market activity occurred: JP Morgan retained its Underweight rating, while Morgan Stanley implemented the upgrade. RBC Capital also maintained its Outperform rating on October 9, 2026.

The share price closed at $73.28 on October 9, 2026, prior to the rating move, and subsequently settled at $73.00 on October 13, 2026, reflecting a modest decline of -0.38%. Over the preceding week, the security declined -0.83% from its October 6 close of $73.61. Within a one‑month span, the price fell -1.62% from the September 11 baseline of $74.20.

Aggregated analyst consensus now targets a forward price of $96.92 as of October 3, 2026, up from the prior mean of $83.94 recorded on September 17, 2026 —a +15.46% increase. Currently, fifteen analysts recommend a purchase across the sector: three Strong Buy, six Buy, four Hold, two Sell, and no Strong Sell ratings. This represents 60.0% Positive, 26.7% Hold, and 13.3% Negative views. By comparison, the August 1, 2026 reporting window saw fifteen recommendations (three Strong Buy, six Buy, five Hold, one Sell, zero Strong Sell) depicting 60.0% Positive, 33.3‰ Hold, and 6.7% Negative sentiment.