Evercore ISI downgraded First Horizon (FHN) to In Line from Outperform with a price target of $20, down from $26. Despite yesterday’s post-earnings selloff, the firm sees limited meaningful upside catalysts to the shares. The stock dropped 11% yesterday as management appeared to open the door to potential whole bank acquisitions, which countered investor sentiment that First Horizon is more likely a seller, the analyst tells investors in a research note. Evercore now views a potential sale of the bank as unlikely over the next 12 months. As such, the firm views the stock’s current valuation as fair.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon downgraded to In Line from Outperform at Evercore ISI
- First Horizon Corporation Reports Strong Q3 2025 Results
- First Horizon National’s Earnings Call Highlights Robust Growth
- First Horizon’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
- First Horizon price target lowered to $25 from $28 at Jefferies