Wedbush raised the firm’s price target on Texas Capital (TCBI) to $85 from $77 and keeps a Neutral rating on the shares. Texas Capital reported a strong quarter highlighted by its securities repositioning actions which is expected to add $35M-$40M in annual net interest income, and though near-term revenue guidance was lowered, guidance for 2025 was better than the firm’s prior forecasts, the analyst tells investors in a research note. At the same time, Wedbush believes the company’s outlook is appropriately reflected in its premium valuation.
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