Truist raised the firm’s price target on First Horizon (FHN) to $23 from $21 and keeps a Hold rating on the shares as part of a broader research note previewing Q2 results for Regional Banks. Loan growth commentary has skewed positive, smaller M&A deals have sprouted, and the “deregulation train has clearly left the station”, the analyst tells investors in a research note, further citing a more positive economic outlook in updating the firm’s models on the industry.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 raised to $26 from $23 at Barclays
- First Horizon price target raised to $24 from $20 at Raymond James
- First Horizon price target raised to $22.50 from $19.50 at JPMorgan
- First Horizon price target raised to $24 from $22 at RBC Capital
- First Horizon initiated with a Buy at Jefferies