RBC Capital Upgrades First Horizon to Outperform, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom upgraded First Horizon (NYSE:FHN) from Sector Perform to Outperform and increased the price target from $16 to $18.
April 09, 2024 | 9:52 am
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POSITIVE IMPACT
First Horizon was upgraded by RBC Capital from Sector Perform to Outperform, with a price target increase from $16 to $18.
Upgrades by analysts, especially from reputable firms like RBC Capital, often lead to positive short-term price movements. The increase in price target reflects higher confidence in the company's future performance, potentially attracting more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100