Raymond James Maintains Outperform on Axos Financial, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster has maintained an 'Outperform' rating on Axos Financial (NYSE:AX) but lowered the price target from $55 to $45.
October 30, 2023 | 8:48 am
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Axos Financial's price target has been lowered from $55 to $45 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the company, which could offset the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100