First Horizon price target raised to $25 from $24 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on First Horizon (FHN) to $25 from $24 and keeps a Market Perform rating on the shares. Keefe Bruyette remains broadly constructive on banks with $50-$100B in assets, but sees better relative value elsewhere, the analyst tells investors in a research note.