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Fly News Breaks for January 25, 2018
TCBI
Jan 25, 2018 | 09:03 EDT
DA Davidson analyst Gary Tenner raised his price target on Texas Capital to $105 and kept his Neutral rating after a Q4 earnings beat, citing lower than expected loss provision and strong revenue growth. Tenner also attributes the price target change to lower projected effective corporate tax rates, while noting the quarter's 12bps net interest margin compression and higher deposit costs.
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