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Fly News Breaks for January 23, 2020
TCBI
Jan 23, 2020 | 08:29 EDT
RBC Capital analyst Jon Arfstrom lowered his price target on Texas Capital to $59 and kept his Sector Perform rating after its Q4 earnings miss. The analyst says that while the quarter was "acceptable" in terms of fundamentals, the magnitude of the non-performing asset increase was a "challenge". Arfstrom adds however that the outlook for Texas Capital is "steady" and can be "favorable" if its current guidance targets are achieved.
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