Texas Capital price target raised to $66 from $64 at Citi

Citi raised the firm’s price target on Texas Capital to $66 from $64 and keeps a Neutral rating on the shares. While the bank’s Q4 print was notably softer than expected in both fee income and net interest margin trends, its core operations will likely pivot higher off this recent low, the analyst tells investors in a research note. However, Texas Capital’s results will likely remain “somewhat lackluster” until the Federal Reserve lowers interest rates, says the firm.