Barclays Initiates Coverage On Texas Capital Bancshares with Underweight Rating, Announces Price Target of $47
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw initiates coverage on Texas Capital Bancshares (TCBI) with an Underweight rating and a price target of $47.
March 08, 2024 | 10:20 am
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Barclays initiated coverage on Texas Capital Bancshares with an Underweight rating and set a price target of $47.
The initiation of coverage by Barclays with an Underweight rating suggests a bearish outlook on TCBI's stock. The set price target of $47 could influence market perception and potentially lead to a decrease in stock price in the short term, as it may signal expected underperformance relative to the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100