Axis Capital price target lowered to $140 from $141 at Mizuho

Mizuho lowered the firm’s price target on Axis Capital (AXS) to $140 from $141 and keeps an Outperform rating on the shares. The firm adjusted estimates and targets among its North America insurance coverage, stating that it is most constructive on brokers, expects commercial pricing pressure moderation among property and casualty insurers and believes the setup for life insurers is “the most challenging.”