Goldman Sachs analyst Andrew Baker upgraded AXA (AXAHY) to Buy from Neutral with a EUR 44 price target The shares have underperformed over the past 12 months despite AXA executing well against the first year of its planning targets and having a business mix that has more of a retail bias than the headline numbers suggest, the analyst tells investors in a research note. The firm says the company’s 2025 growth momentum remains strong.
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