Financial sector analyst initiations: AXS, CIO, CSBK, IBTX

|By:, SA News Editor

JMP Securities starts Axis Capital Holdings (AXS +0.6%) at Outperform with $53 price target.

Wunderlich initiates City Office REIT (CIO +0.1%) with a Buy and $16 PT.

Sandler o’Neil starts Clifton Bancorp (CSBK +0.1%) coverage with a Buy and $13.50 PT.

Stern Agee initiates coverage on Independent Bank Group (IBTX +1.1%) with a Buy and $56 PT.