Citigroup Maintains Neutral on Texas Capital Bancshares, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger maintains a Neutral rating on Texas Capital Bancshares (NASDAQ:TCBI) and lowers the price target from $66 to $64.

March 13, 2024 | 8:52 pm
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Citigroup analyst Ben Gerlinger maintains a Neutral rating on Texas Capital Bancshares and lowers the price target from $66 to $64.
The reduction in the price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Texas Capital Bancshares. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a slight bearish outlook on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100