Raymond James Downgrades Texas Capital Bancshares to Outperform, Announces $69 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has downgraded Texas Capital Bancshares (NASDAQ:TCBI) from Strong Buy to Outperform, while setting a price target of $69.
January 05, 2024 | 5:46 pm
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Texas Capital Bancshares was downgraded by Raymond James from Strong Buy to Outperform with a price target of $69.
The downgrade from Strong Buy to Outperform suggests a more cautious view on the stock by Raymond James, which could lead to a tempered reaction from investors. However, the establishment of a $69 price target may provide some support to the stock price, indicating that Raymond James still sees potential upside. The impact is scored as neutral (0) because the downgrade may be offset by the positive price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100