Wells Fargo Maintains Underweight on Axis Capital Holdings, Raises Price Target to $63
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 $57 to $63.
May 10, 2024 | 3:25 pm
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Wells Fargo has maintained its Underweight rating on Axis Capital Holdings but increased the price target from $57 to $63.
The adjustment in price target by a major analyst like Wells Fargo could lead to mixed investor sentiment. While the Underweight rating suggests skepticism about the stock's performance, the increased price target indicates a slightly more optimistic outlook on its valuation. This could result in neutral short-term price movement as the market digests these conflicting signals.
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