Axos Financial price target raised to $90 from $76 at DA Davidson

DA Davidson raised the firm’s price target on Axos Financial to $90 from $76 and keeps a Buy rating on the shares after its Q4 earnings beat. The stock is a differentiated growth story that has successfully grown at an above industry pace through a variety of rate and economic environments, while the company’s strong balance sheet liquidity and capital has allowed the company to remain “opportunistic”, driving its earnings and tangible book value growth, the analyst tells investors in a research note.