- An increased risk of a pullback in oil prices and a lower for longer outlook on interest rates has BAML downgrading Texas Capital Bancshares (NASDAQ:TCBI) to Neutral from Buy. The price target of $48 compares to yesterday's $43.24 close.
- TCBI rallied from about $30 at the February lows all the way to $50 just ahead of the Brexit vote.
Texas Capital downgraded at BAML
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| Symbol | Last Price | % Chg |
|---|---|---|
| TCBI | - | - |
| Texas Capital Bancshares, Inc. | ||