Barclays Maintains Underweight on Texas Capital Bancshares, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw maintains an Underweight rating on Texas Capital Bancshares (NASDAQ:TCBI) but raises the price target from $49 to $60.
October 18, 2024 | 2:55 pm
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Barclays has maintained an Underweight rating on Texas Capital Bancshares but increased the price target from $49 to $60, indicating a more positive outlook despite the cautious rating.
The increase in the price target from $49 to $60 suggests a more optimistic view on the stock's potential, which could lead to a positive short-term impact on the stock price. However, the maintained Underweight rating indicates continued caution, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100