First Horizon (FHN) announced that its board of directors has authorized a new $1.2B common stock repurchase program to replace the company’s prior repurchase program, effective as of the close of business on October 27. This new authorization will expire on January 31, 2027. The terminated program had approximately $180M of remaining authorization and was set to expire on January 31, 2026.
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Read More on FHN:
- First Horizon price target lowered to $24 from $25 at TD Cowen
- First Horizon price target lowered to $23 from $25 at Wells Fargo
- First Horizon price target lowered to $23 from $25 at JPMorgan
- First Horizon price target lowered to $23 from $24 at Keefe Bruyette
- Evercore downgrades First Horizon with near-term sale unlikely