DA Davidson analyst Peter Winter lowered the firm’s price target on Texas Capital (TCBI) to $76 from $81 and keeps a Neutral rating on the shares. The company reported a mixed quarter as strong net interest income growth was more than offset by lower capital markets fees, and the firm was surprised that Texas Capital raised its total revenue forecast to the high end of January’s range of high single to low double-digit revenue growth given all this uncertainty, despite a stronger net interest income outlook, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCBI:
- Texas Capital price target lowered to $80 from $87 at Raymond James
- Texas Capital price target lowered to $63 from $70 at Citi
- Texas Capital price target lowered to $74 from $84 at Piper Sandler
- Texas Capital and Axxess partner for home health payment solution
- Texas Capital price target lowered to $90 from $95 at Stephens