Goldman Sachs Downgrades AXIS Capital (AXS) to Neutral

March 25, 2013 7:38 AM EDT
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Price: $64.59 -1.07%

Rating Summary:
    2 Buy, 11 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Goldman Sachs downgraded AXIS Capital (NYSE: AXS) from Buy to Neutral on valuation as the stock nears their $43 price target.

"Axis remains a well-positioned franchise, in our view, and we believe current valuation is fair," the analyst said.

For an analyst ratings summary and ratings history on AXIS Capital click here. For more ratings news on AXIS Capital click here.

Shares of AXIS Capital closed at $41.52 yesterday.

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