Raymond James analyst Michael Rose raised the firm’s price target on First Horizon (FHN) to $27 from $23 and keeps an Outperform rating on the shares. Risk-reward is viewed positively given the benefit from lower rates to its counter-cyclical businesses, an initial flattish expense/mid single-digit loan growth outlook in 2026, and still-elevated scarcity value, the analyst tells investors in a research note.
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