UPDATE: Oppenheimer Downgrades TCF Financial Corporation to Perform on Shifting Debate
April 03, 2013 at 15:16 PM EDT
In a report published Wednesday, Oppenheimer analyst Terry McEvoy downgraded the rating on TCF Financial Corporation (NYSE: TCB ) from Outperform to Perform, and removed the $15.00 price target. In the report, McEvoy noted, “The debate over TCF has shifted away from the "broken model" argument following the roll-out of