TCF Financial Reaches Analyst Target Price
August 31, 2016 at 09:00 AM EDT
In recent trading, shares of TCF Financial Corp (TCB) have crossed above the average analyst 12-month target price of $14.50, changing hands for $14.62/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..