Truist Securities Maintains Hold on Texas Capital Bancshares, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Hold rating on Texas Capital Bancshares (NASDAQ:TCBI) and raises the price target from $62 to $70.
July 22, 2024 | 4:18 pm
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Truist Securities has maintained its Hold rating on Texas Capital Bancshares while raising the price target from $62 to $70, indicating a positive outlook but not enough to warrant a Buy rating.
The raised price target from $62 to $70 suggests a positive outlook for Texas Capital Bancshares, but the Hold rating indicates that the analyst does not see enough upside potential to recommend a Buy. This could lead to a modest positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100