Wells Fargo Maintains Underweight on Axis Capital Holdings, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Underweight rating on Axis Capital Holdings (AXS) and raises the price target from $56 to $59.

February 02, 2024 | 2:10 pm
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Wells Fargo maintains an Underweight rating on Axis Capital Holdings but raises the price target from $56 to $59.
The adjustment in price target by Wells Fargo suggests a slightly more positive outlook on the stock's value, yet the Underweight rating indicates ongoing concerns about the company's performance relative to the market. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90