Raymond James Maintains Strong Buy on Texas Capital Bancshares, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained a 'Strong Buy' rating on Texas Capital Bancshares (NASDAQ:TCBI) but lowered the price target from $74 to $72.
October 20, 2023 | 8:46 am
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Texas Capital Bancshares' price target has been lowered from $74 to $72 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the maintenance of the 'Strong Buy' rating suggests that the analyst still sees significant upside potential for the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100