<ul data-eligibleForWebStory="false">Motilal Oswal Financial Services reiterates a 'Neutral' rating on Axis Bank, setting a target price of Rs 1,300.Axis Bank aims for 3% higher growth than industry average on a CAGR basis over the next three years and targets through-cycle margins of 3.8%.In the past years, Axis Bank has tightened its provisioning policy and asset quality classification criteria.