Truist analyst Brandon King raised the firm’s price target on Texas Capital (TCBI) to $86 from $80 and keeps a Hold rating on the shares as part of a broader research note recapping Q3 results for Community/Regional banks. The firm’s revisions primarily reflect the company’s higher net interest income, investment banking revenue growth, and lower expenses, the analyst tells investors in a research note. The outlook for 2025 is very sensitive to the path of interest rates, and further Fed cuts could be a material catalyst for accelerating loan growth and higher mortgage volume, the firm added.
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