These Analysts Raise Their Forecasts On First Horizon Following Q2 Results
Portfolio Pulse from Lisa Levin
First Horizon Corporation (NYSE:FHN) reported Q2 revenues of $1.031 billion, up 39% Y/Y, beating the consensus of $921.53 million. However, the adjusted EPS of $0.39 marginally missed the consensus of $0.40. Following the earnings announcement, analysts from Raymond James and RBC Capital raised their price targets on First Horizon from $13 to $14.
July 20, 2023 | 12:11 pm
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POSITIVE IMPACT
First Horizon's Q2 results led to raised price targets by Raymond James and RBC Capital. This positive sentiment could potentially drive the stock price up in the short term.
First Horizon's better-than-expected Q2 revenues led to raised price targets by analysts from Raymond James and RBC Capital. This positive sentiment from analysts often leads to increased investor confidence, which could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100