RBC Capital Reiterates Sector Perform on First Horizon, Maintains $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has reiterated a 'Sector Perform' rating on First Horizon (NYSE:FHN) and maintained a price target of $16.
January 19, 2024 | 1:44 pm
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RBC Capital's reiteration of a 'Sector Perform' rating and a maintained price target of $16 for First Horizon may influence investor sentiment but suggests no significant change in the company's outlook.
The reiteration of the 'Sector Perform' rating and the maintenance of the price target by RBC Capital indicates that the analyst's view on First Horizon has not changed significantly. This suggests that there are no new catalysts that could drive the stock price up or down in the short term. The rating and price target are likely already factored into the current stock price, and thus the short term impact on the stock is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80