RBC Capital raised the firm’s price target on Axis Capital (AXS) to $130 from $125 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company delivered a strong end to 2025, with high returns on its underwriting business supported by substantial capital return, the analyst tells investors in a research note. Axis remains RBC’s favorite idea in the P&C insurance space for 2026, the firm added.
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