UBS Upgrades First Horizon to Buy, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brody Preston has upgraded First Horizon (NYSE:FHN) from Neutral to Buy and increased the price target from $15.5 to $16.
January 24, 2024 | 12:50 pm
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POSITIVE IMPACT
UBS analyst Brody Preston upgraded First Horizon from Neutral to Buy and raised the price target to $16.
Analyst upgrades typically lead to a positive short-term reaction in the stock price as they suggest improved prospects for the company. The increase in price target further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100