Texas Capital price target raised to $104 from $94 at DA Davidson

Core Viewpoint - DA Davidson raised the price target on Texas Capital (TCBI) to $104 from $94 while maintaining a Neutral rating on the shares, indicating a positive outlook for the company despite the neutral rating [1] Financial Performance - Texas Capital delivered a strong quarterly performance, exceeding consensus estimates with a return on assets (ROA) of 1.20%, surpassing its target of 1.1% for the second consecutive quarter [1] - The management did not set a new ROA target, but it is suggested that the 1.1% ROA is now a baseline due to a favorable earnings outlook for 2026 [1]