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Fly News Breaks for June 7, 2019
TCBI
Jun 7, 2019 | 06:14 EDT
Piper Jaffray analyst Brett Rabatin downgraded Texas Capital Bancshares to Neutral from Overweight and lowered his price target for the shares to $64.50 from $71.50. The analyst reduced his estimates to reflect more concern about the company's net interest margin prospects and possibly forward growth. He sees "too many near-term challenges for a rise in the valuation or estimates."
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