Axos Financial price target raised to $112 from $107.50 at DA Davidson

DA Davidson raised the firm’s price target on Axos Financial (AX) to $112 from $107.50 and keeps a Buy rating on the shares after its Q2 earnings beat. The company also reported strong core loan and deposit growth in the quarter which was relatively balanced among multiple segments, driving strong net interest income growth despite some expected net interest margin pressure, the analyst tells investors in a research note.