Compass Point Upgrades TCB To Neutral, $14 PT

Compass Point has raised the Price Target of TCF Financial TCB from $12 a share to $14 and upgraded the shares from Sell to Neutral. Compass Point writes, "Given potential credit deterioration in prime mortgage credit and falling home prices in TCB's core markets of Chicago and Minneapolis, we would suggest investors allocate capital to more attractive banks." TCB closed yesterday at $15.56 a share.