DA Davidson lowered the firm’s price target on Texas Capital (TCBI) to $87 from $90 and keeps a Neutral rating on the shares after its Q4 results. The quarter saw much lower expenses and higher fee income, but its net interest income decreased 4.4% from Q3 to $229.6M, below the firm’s forecast of $237.5M, due to margin pressure, the analyst tells investors in a research note.
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