JPMorgan analyst Anthony Elian lowered the firm’s price target on First Horizon (FHN) to $26 from $28 and keeps a Neutral rating on the shares. To reflect the ongoing Iran conflict and a backdrop of no rate cuts being priced in this year per the forward curve, JPMorgan reduced year-end 2026 price targets in the small- and mid-cap bank group by 10% on average ahead of the Q1 reports.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $26 from $27 at Truist
- First Horizon Issues Series H Preferred Depositary Shares
- First Horizon put volume heavy and directionally bearish
- First Horizon price target raised to $28.50 from $28 at Citi
- First Horizon appoints Leilani Farol as chief information security officer