Truist Securities Maintains Buy on Texas Capital Bancshares, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Texas Capital Bancshares (NASDAQ:TCBI) but lowered the price target from $68 to $63.
October 23, 2023 | 5:36 pm
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NEUTRAL IMPACT
The 'Buy' rating for Texas Capital Bancshares is maintained by Truist Securities, but the price target is lowered from $68 to $63.
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