J.P. Morgan Sticks to Its Sell Rating for Texas Capital Bancshares (TCBI)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Anthony Elian maintained a Sell rating on Texas Capital Bancshares (TCBI) with an $110 price target. This follows similar Sell ratings from Barclays and a Hold rating from Piper Sandler, reflecting mixed but predominantly negative sentiment among major institutions regarding the bank's stock performance.
In a report released today, Anthony Elian from J.P. Morgan maintained a Sell rating on Texas Capital Bancshares, with a price target of $110.00.
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Elian covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Texas Capital Bancshares, and Western Alliance. According to TipRanks, Elian has an average return of 1.3% and a 48.67% success rate on recommended stocks.
In addition to J.P. Morgan, Texas Capital Bancshares also received a Sell from Barclays’s Jared Shaw in a report issued today. However, on the same day, Piper Sandler reiterated a Hold rating on Texas Capital Bancshares (NASDAQ: TCBI).