Axos Financial included in DA Davidson ‘Best of Breed Bison’ list

DA Davidson keeps a Buy rating and $56 price target on Axos Financial while naming the stock to the firm’s “Best-of-Breed Bison” initiative, which focuses on long-term best-in-class companies with sustainable competitive moats. The company’s core structure as a “branchless” bank is key to its nimbleness and profitability, and a sustainable competitive advantage, while the differentiated structure serves as Axos’s competitive moat, the analyst tells investors in a research note.