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Texas Capital price target lowered to $74 from $84 at Piper Sandler

Piper Sandler analyst Stephen Scouten lowered the firm’s price target on Texas Capital (TCBI) to $74 from $84 and keeps a Neutral rating on the shares following quarterly results. The firm remains on the sidelines and will wait for more clarity and simplicity around this story in the future – as its experience has traditionally been that complexity does not equal success in banking.

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