First Horizon shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $14 price target.
Portfolio Pulse from Benzinga Newsdesk
First Horizon's stock (FHN) is trading higher following Citigroup's initiation of coverage with a Buy rating and a $14 price target.
December 01, 2023 | 8:29 pm
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Citigroup initiated coverage on First Horizon with a Buy rating and a $14 price target, leading to an increase in the stock's trading price.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The initiation of coverage with a Buy rating and a specific price target provides a positive outlook for First Horizon, suggesting that the stock is undervalued at its current price. This can lead to increased investor interest and buying activity, driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100