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Fly News Breaks for February 16, 2016
AXS
Feb 16, 2016 | 06:46 EDT
UBS analyst Brian Meredith downgraded Axis Capital Holdings to Neutral saying the competitive pricing environments in commercial lines and reinsurance will offset much of the company's initiatives to improve returns. The analyst believes the shares should continue to trade at a discount to book value. He cut his price target for the name to $54 from $59.
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