Wells Fargo raised the firm’s price target on Axis Capital (AXS) to $124 from $118 and keeps an Overweight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.
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Read More on AXS:
- Axis Capital price target raised to $110 from $103 at Goldman Sachs
- Axis Capital price target raised to $130 from $121 at Keefe Bruyette
- Axis Capital: Solid Execution But Emerging Headwinds Limit Upside, Justifying a Neutral (Hold) Stance
- Axis Capital downgraded to Neutral from Buy at BofA
- Axis Capital price target raised to $125 from $113 at BofA