Axos Financial (AX) PT Raised to $112 at DA Davidson

DA Davidson analyst Gary Tenner raised the price target on Axos Financial (NYSE: AX) to $112.00 (from $107.50) while maintaining a Buy rating.

The analyst commented, "Axos reported strong core loan and deposit growth in the quarter, while recognizing a ~$0.04 EPS benefit related to the late F1Q acquisition of Verdant Commercial Capital. The loan growth outlook remains strong (low-to-mid teens), relatively balanced among multiple segments, driving strong NII growth despite some expected NIM pressure. Maintain BUY rating with a revised $112 PT."

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