Axos Financial price target raised to $80 from $75 at Raymond James

Raymond James analyst Michael Rose raised the firm’s price target on Axos Financial (AX) to $80 from $75 and keeps an Outperform rating on the shares following the “solid” Q2 results. The company’s outlook calls for core net interest margin to remain above its targeted longer-term range, though Raymond James forecasts it returning to the top-end of the range over the next several quarters, the analyst tells investors in a research note. The firm also highlighted the significant financial flexibility the bank has in light of its excess liquidity and capital, further supported by the at-the-market offering announced with the release.