UPDATE: Sterne Agee Raises PT to $42.50 on Texas Capital Bancshares

Loading...
Loading...
Sterne Agee raises its price target from $41 to $42.50 on Texas Capital Bancshares
TCBI
Sterne Agee notes, "In a industry note earlier this week (5/29) we indicated being favorable towards TCBI in the environment of low interest rates and modest growth. We are reiterating our BUY rating, increasing our PT to $42.50 (+$1.50), and increasing our forward estimates. We believe loan growth and profitability will exceed expectations over the next 4-6 quarters." TCBI closed at $38.78 on Thursday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsSterne Agee
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...