Axos Financial price target raised to $107 from $105 at Needham

Needham raised the firm’s price target on Axos Financial (AX) to $107 from $105 and keeps a Buy rating on the shares. The company reported strong results, beating Street estimates across the board due to stronger fee income and faster loan growth, while the loan growth outlook was also bumped up to low to mid-teens, which serves as a signal that the recent investments and team lift-outs are paying dividends, the analyst tells investors in a research note.