Wedbush lowered the firm’s price target on Texas Capital to $68 from $70 and keeps a Neutral rating on the shares. Texas Capital reported an in-line Q4, but updates to 2024 guidance were “mixed” related to revenue and expenses, the analyst tells investors in a research note. Though the company believes the pieces are in place to generate the growth to achieve its 2025 targets, Wedbush views these targets as being more aspirational given a challenging macro backdrop.
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Read More on TCBI:
- Texas Capital Bancshares Launches $150M Stock Buyback Program
- Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2023 Results
- Texas Capital reports Q4 net interest margin 2.93%, down 20 bps sequentially
- Texas Capital reports Q4 EPS 33c with expense, consensus 75c
- Notable companies reporting before tomorrow’s open
