JP Morgan Maintains Underweight on Texas Capital Bancshares, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Elian maintains an Underweight rating on Texas Capital Bancshares (NASDAQ:TCBI) but raises the price target from $72 to $80.
October 18, 2024 | 3:17 pm
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JP Morgan's analyst Anthony Elian maintains an Underweight rating on Texas Capital Bancshares but raises the price target from $72 to $80, indicating a slightly more positive outlook despite the cautious rating.
The Underweight rating suggests a cautious stance, but the raised price target indicates some positive expectations for the stock. This mixed signal may lead to neutral short-term price movement as investors weigh the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100