Wedbush Downgrades First Horizon to Neutral, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has downgraded First Horizon (NYSE:FHN) from Outperform to Neutral and reduced the price target from $20 to $17.
September 24, 2024 | 11:39 am
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Wedbush has downgraded First Horizon from Outperform to Neutral, with a reduced price target of $17, indicating a less optimistic outlook.
The downgrade from Outperform to Neutral by a reputable analyst like Wedbush suggests a less favorable view on First Horizon's near-term performance. The lowered price target from $20 to $17 further indicates reduced expectations for the stock's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100