Raymond James Maintains Strong Buy on Texas Capital Bancshares, Lowers Price Target to $69
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 $72 to $69.

November 15, 2023 | 12:16 pm
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NEUTRAL IMPACT
Texas Capital Bancshares' Strong Buy rating is maintained by Raymond James, although the price target is reduced from $72 to $69.
While the maintenance of a Strong Buy rating indicates continued analyst confidence in Texas Capital Bancshares, the reduction in the price target could suggest a tempered outlook on the stock's value, potentially due to revised earnings expectations or market conditions. This mixed signal is likely to have a neutral short-term impact on the stock price as the positive sentiment of the rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100