Deutsche Bank upgrades Axis Capital (AXS) to Buy from Hold and adds $5 to its price target on...

|About: Axis Capital Holdings Lim... (AXS)|By:, SA News Editor

Deutsche Bank upgrades Axis Capital (AXS) to Buy from Hold and adds $5 to its price target on shares to take it to $38. Valuation is the key to the call, according to analysts. "AXIS has been lagging its international reinsurer peer group despite having a sustained track record of outperformance based on ROE generation."