RBC Capital Maintains Sector Perform Rating for Texas Capital Bancshares: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Texas Capital Bancshares (NASDAQ:TCBI) but lowered its price target from $66.00 to $61.00. TCBI shares are currently trading at $54.30, and the new price target suggests a potential upside of 12.34%. Texas Capital Bancshares is a secured lender operating mainly in Texas' major metropolitan areas.
November 24, 2023 | 5:00 pm
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RBC Capital maintains Sector Perform rating on Texas Capital Bancshares with a reduced price target from $66 to $61, indicating a potential 12.34% increase from the current price of $54.30.
The maintenance of the Sector Perform rating by RBC Capital suggests a neutral outlook on TCBI, while the lowered price target might be seen as a negative adjustment. However, the new target still implies a significant upside potential, which could be viewed positively by investors. The confidence level is high due to the direct mention and clear impact of the analyst rating on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100