Analyst Scoreboard: 5 Ratings For First Horizon
Portfolio Pulse from Benzinga Insights
Analysts have provided varied ratings for First Horizon (NYSE:FHN) over the last quarter, with sentiments evolving over the past 30 days. The average 12-month price target for FHN has increased to $16.9, reflecting an 11.4% rise from the previous target. Recent analyst actions include ratings adjustments and price target changes by firms such as Evercore ISI Group, Barclays, UBS, RBC Capital, and Raymond James. First Horizon, a regional bank with significant operations in Tennessee, faces revenue challenges with a -9.65% growth over 3 months but showcases strong profitability and financial health through high net margin, ROE, and ROA.
March 28, 2024 | 3:00 pm
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POSITIVE IMPACT
First Horizon has seen a positive shift in analyst price targets, indicating potential stock appreciation. Despite facing revenue challenges, its strong profitability metrics suggest resilience.
The increase in the average price target by analysts suggests a bullish outlook for FHN's stock in the short term. The company's strong profitability and financial health metrics, such as high net margin, ROE, and ROA, despite a decline in revenue, indicate a solid foundation that could support stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100