BofA lowered the firm’s price target on First Horizon (FHN) to $27 from $28 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on FHN:
- First Horizon price target lowered to $29 from $30 at Barclays
- First Horizon downgraded to Neutral from Buy at UBS
- First Horizon price target lowered to $25 from $26 at Evercore ISI
- First Horizon price target lowered to $26 from $28 at JPMorgan
- First Horizon price target lowered to $26 from $27 at Truist