Keefe, Bruyette & Woods Upgrades AXIS Capital (AXS) to Outperform; Still Expect Growth Opportunities

Keefe, Bruyette & Woods upgraded AXIS Capital (NYSE: AXS) from Market Perform to Outperform, price target raised from $35 to $42.

KBW analyst says, "In the current market environment, we expect growth opportunities, but these may not be open to all. We expect Axis will be particularly well positioned to grow and produce strong ROEs, and we expect a revaluation of the shares."

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 $31.20 yesterday, with a 52 week range of $24.80-$37.81.

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