Piper Sandler last night downgraded Texas Capital (TCBI) to Neutral from Overweight with a price target of $82, up from $77. The firm says execution risk seems to outweigh “any low-hanging fruit left in the share price recovery” at current valuation levels. While Texas Capital beat Q3 estimates on a core basis and directional trends sound positive, Piper needs “to see much more progress” before it gets on board with the 1.10% return on assets in the second half of 2025, the analyst tells investors in a research note.
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Read More on TCBI:
- Texas Capital price target raised to $60 from $49 at Barclays
- Texas Capital downgraded to Neutral from Overweight at Piper Sandler
- Texas Capital reports Q3 EPS ($1.41) with items, consensus 94c
- TCBI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Texas Capital price target lowered to $72 from $73 at JPMorgan