On Oct 18, major Wall Street analysts update their ratings for $First Horizon National (FHN.US)$, with price targets ranging from $18 to $21.
J.P. Morgan analyst Anthony Elian maintains with a hold rating, and adjusts the target price from $18 to $19.5.
Citi analyst Ben Gerlinger maintains with a buy rating, and adjusts the target price from $18.5 to $20.
Barclays analyst Jared Shaw maintains with a buy rating, and adjusts the target price from $19 to $21.
UBS analyst Erika Najarian maintains with a buy rating, and adjusts the target price from $17 to $19.5.
Evercore analyst John Pancari maintains with a buy rating, and maintains the target price at $18.
Furthermore, according to the comprehensive report, the opinions of $First Horizon National (FHN.US)$'s main analysts recently are as follows:
Following the Q3 report, it is noted that while the company's total revenue guidance remains unchanged, there is a shift in composition toward more fee-based revenue, benefiting from lower rates.
First Horizon's recent quarter exemplifies the robustness of its diversified business model. Despite the interest rate environment and escalating deposit costs applying pressure on its net interest income and margin, the firm's performance in fee generation and fixed income provided substantial counterbalances. Additionally, the company's core expenses continue to be effectively managed, its credit metrics are presenting positively, and it maintains an active share repurchase program.
Here are the latest investment ratings and price targets for $First Horizon National (FHN.US)$ from 7 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
