TCF Financial (TCB) Tops Q2 EPS by 2c

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FBR Capital Downgrades TCF Financial (TCB) to Market Perform

July 25, 2016 6:25 AM EDT

FBR Capital downgraded TCF Financial (NYSE: TCB) from Outperform to Market Perform with a price target of $14.00 (from $16.00).

Analyst Bob Ramsey commented, "We downgrade shares of TCF Financial to Market Perform from Outperform following 2Q16 results. Our prior thesis on TCB had been that (1) its... More