The Analyst Verdict: First Horizon In The Eyes Of 6 Experts
Portfolio Pulse from Benzinga Insights
Six analysts have recently updated their ratings on First Horizon (NYSE:FHN), with a mix of bullish and indifferent stances. The average 12-month price target is now $14.42, up 15.36% from the previous $12.50. Analysts from firms like Raymond James and Wells Fargo have raised their price targets, reflecting a positive shift in expectations for FHN's stock performance. Despite this, First Horizon faces challenges with revenue decline, below-average net margin, ROE, and ROA, although it maintains a healthy debt-to-equity ratio.
January 05, 2024 | 6:00 pm
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NEUTRAL IMPACT
First Horizon has received mixed analyst ratings with an upward trend in price targets, suggesting a positive outlook. However, the company's financial challenges, such as revenue decline and lower profitability metrics, may temper investor enthusiasm.
The positive revisions in analyst ratings and price targets could lead to short-term optimism for FHN's stock. However, the underlying financial challenges highlighted in the article, such as the revenue decline and lower profitability metrics, could counterbalance the positive sentiment and lead to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100