Truist Securities Maintains Buy on Texas Capital Bancshares, Lowers Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Bill Chappell has maintained a 'Buy' rating on Texas Capital Bancshares (NASDAQ:TCBI) but lowered the price target from $64 to $58.
June 29, 2023 | 4:00 pm
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NEUTRAL IMPACT
Truist Securities has maintained a 'Buy' rating on Texas Capital Bancshares but lowered the price target from $64 to $58.
The news is directly about Texas Capital Bancshares (TCBI). The maintained 'Buy' rating indicates continued confidence in the company, which could be positive for the stock. However, the lowered price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100