First Horizon price target raised to $24 from $22 at RBC Capital

RBC Capital raised the firm’s price target on First Horizon (FHN) to $24 from $22 and keeps an Outperform rating on the shares. The firm has recently hosted investor meetings with the company’s management team, and the overall message is consistent with recent trends, the analyst tells investors in a research note. Despite some moderation in near-term industry lending activity, the revenue outlook is stable, RBC added.