JPMorgan lowered the firm’s price target on First Horizon (FHN) to $23 from $25 and keeps a Neutral rating on the shares following the Q3 report. Management’s comments regarding the potential to engage in bank acquisitions drove the stock selloff yesterday although similar comments were provided at a conference several weeks ago, the analyst tells investors in a research note. The firm is not surprised by the pullback given that First Horizon previously engaged in a takeover.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon price target lowered to $23 from $24 at Keefe Bruyette
- Evercore downgrades First Horizon with near-term sale unlikely
- 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