Raymond James Downgrades First Horizon to Outperform, Maintains Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has downgraded First Horizon (NYSE:FHN) from Strong Buy to Outperform, while maintaining the price target at $18.
July 18, 2024 | 5:09 pm
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Raymond James has downgraded First Horizon from Strong Buy to Outperform, while keeping the price target at $18. This downgrade may indicate a less bullish outlook on the stock.
The downgrade from Strong Buy to Outperform suggests that the analyst sees less upside potential in the stock compared to previous expectations. Maintaining the price target at $18 indicates that the analyst does not foresee significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100