Keefe Bruyette raised the firm’s price target on Axos Financial (AX) to $100 from $94 and keeps a Market Perform rating on the shares. The $43.5M acquisition of Verdant Commercial Capital fits nicely into Axos’ M&A strategy, the analyst tells investors in a research note.
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Read More on AX:
- Axos Financial price target raised to $106 from $100 at DA Davidson
- Axos Financial price target raised to $100 from $95 at Raymond James
- Axos Financial to Acquire Verdant Commercial Capital
- Axos Financial acquires Verdant Commercial Capital for $43.5M
- Axos Financial Completes $200 Million Subordinated Notes Sale