Expert Outlook: First Horizon Through The Eyes Of 9 Analysts
Portfolio Pulse from Benzinga Insights
First Horizon (NYSE:FHN) has been evaluated by 9 analysts over the past three months, showing a mix of bullish and bearish sentiments. The average 12-month price target for FHN has been raised to $17.11 from $15.64, indicating a 9.4% increase. Analysts from firms like Baird, Wedbush, and Wells Fargo have adjusted their ratings and price targets, reflecting a positive outlook on FHN's performance despite its revenue decline of -9.65% and lower market capitalization. However, FHN's financial health is strong, with a high net margin of 22.65%, ROE of 2.14%, and ROA of 0.21%, surpassing industry standards.
April 18, 2024 | 7:02 pm
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POSITIVE IMPACT
First Horizon's stock may see short-term positive movement due to the raised average price target and positive analyst ratings, despite a recent revenue decline.
The increase in the average price target and the predominantly positive adjustments in analyst ratings suggest a bullish sentiment towards FHN. Despite the revenue decline, the company's strong net margin, ROE, and ROA indicate financial health, which could reassure investors and positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100