The broker’s downgrade is in response to recent share price movement, as it notes in the past couple of weeks the stock has risen 5.2% against a 2.9% rise in the broader market.
Target price is $7.25. Current Price is $7.42. Difference: ($0.17) – (brackets indicate current price is over target). If AXA meets the Credit Suisse target it will return approximately -2% (excluding dividends, fees and charges – negative figures indicate an expected loss).