Truist Securities Downgrades Texas Capital Bancshares to Hold, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King downgraded Texas Capital Bancshares (TCBI) from Buy to Hold and reduced the price target from $72 to $66.
April 01, 2024 | 12:12 pm
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NEGATIVE IMPACT
Texas Capital Bancshares was downgraded by Truist Securities from Buy to Hold with a price target reduction from $72 to $66.
The downgrade from Buy to Hold suggests a neutral to negative outlook on the stock by the analyst, indicating a potential slowdown in growth or performance. The reduction in the price target further supports a bearish view on the stock's short-term price potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100