Jefferies Cuts Price Target and Estimates on TCF Financial (TCB); Lets Go For a Drag

July 30, 2012 10:59 AM EDT
Get Alerts TCB Hot Sheet
Price: $18.79 -3.94%

Rating Summary:
    4 Buy, 15 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
Trade TCB Now!
Join SI Premium – FREE
Jefferies maintains a 'Hold' on TCF Financial (NYSE: TCB) price target of $12.00 (from $14.00).

Analyst, Emlen Harmon, said, "Following the release of 2Q12 earnings, we are taking our 2013 EPS down a dime (to $1.05) to account for a higher-than expected expense run-rate. Our 2012 estimate goes to -$1.16 (from -$1.05). The core earnings power of the bank remains uncertain, as it has yet to rehabilitate the profitability of its retail customers, and specialty finance businesses remain in their infancy."

For an analyst ratings summary and ratings history on TCF Financial click here. For more ratings news on TCF Financial click here.

Shares of TCF Financial closed at $10.45 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Earnings

Add Your Comment