Piper Jaffray Initiates TFS Financial With Overweight

Analysts at Piper Jaffray initiated coverage on TFS Financial Corporation (NASDAQ: TFSL) with a Overweight rating.

The target price for TFS Financial is set to $17.

TFS Financial shares have gained 6.55 percent over the past 52 weeks, while the S&P 500 index has surged 7.51 percent in the same period.

TFS Financial shares fell 0.47 percent to close at $14.96 yesterday.