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.
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Read More on FHN:
- First Horizon price target raised to $24 from $23 at BofA
- Strong Financial Performance and Strategic Positioning Justify Buy Rating for First Horizon
- First Horizon price target lowered to $22 from $24 at Keefe Bruyette
- First Horizon Reports Strong First Quarter 2025 Results
- First Horizon National’s Balanced Earnings Call Highlights
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