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Fly News Breaks for December 11, 2019
TCBI, IBTX
Dec 11, 2019 | 04:56 EDT
Keefe Bruyette analyst Brady Gailey upgraded Texas Capital Bancshares (TCBI) to Outperform from Market Perform with a price target of $72, up from $64. The analyst synced the company's rating with that of Independent Bank (IBTX) following the merger of equals announcement. He views the deal as "compelling" given the tangible book value and earnings accretion.