Mizuho Downgrades Texas Capital Bancshares to Hold, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Jennifer Demba downgraded Texas Capital Bancshares (TCBI) from Buy to Hold and reduced the price target from $72 to $66.
April 01, 2024 | 11:52 am
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Texas Capital Bancshares was downgraded by Mizuho from Buy to Hold, with a price target reduction from $72 to $66.
The downgrade from Buy to Hold suggests a less optimistic outlook on TCBI's stock performance by Mizuho. The reduction in price target further indicates a lowered expectation for the stock's future price, likely leading to a negative short-term impact on TCBI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100