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Fly News Breaks for January 29, 2019
CHFC, TCF
Jan 29, 2019 | 08:40 EDT
As previously reported, Sandler O'Neill analyst R. Scott Siefers downgraded TCF Financial (TCF) to Hold from Buy to align his rating with Chemical Financial (CHFC) after the two announced a merger of equals. He raised his price target on TCF Financial shares to $24.90 from $24.00 as he applied the exchange ratio outlined in the terms of the merger agreement to his Chemical Financial price target.
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