Citigroup Downgrades Texas Capital Bancshares to Sell, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger has downgraded Texas Capital Bancshares (NASDAQ:TCBI) from Neutral to Sell and set a price target of $60.
July 22, 2024 | 11:19 am
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Citigroup analyst Ben Gerlinger downgraded Texas Capital Bancshares from Neutral to Sell and set a price target of $60.
The downgrade from Neutral to Sell by a major financial institution like Citigroup is likely to negatively impact investor sentiment and the stock price of Texas Capital Bancshares in the short term. The $60 price target suggests a bearish outlook.
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