First Horizon price target lowered to $22 from $24 at RBC Capital

RBC Capital analyst Jon Arfstrom lowered the firm’s price target on First Horizon (FHN) to $22 from $24 and keeps an Outperform rating on the shares. The company reported a solid quarter with lower expenses and margin expansion supporting results, the analyst tells investors in a research note. The environment remains uncertain, but the management reiterated a confident view in driving pre-provision net revenue growth and achieving their 2025 outlook, the firm adds.