First Horizon price target raised to $27 from $25 at DA Davidson

DA Davidson analyst Peter Winter raised the firm’s price target on First Horizon (FHN) to $27 from $25 and keeps a Neutral rating on the shares. The company reported a solid Q4, providing strong momentum into 2026, led by mid- single digit loan growth, which is driving 3%-7% total revenue growth while holding expenses flat, the analyst tells investors in a research note. DA Davidson adds that it is forecasting a strong rebound in positive operating leverage to 3.3% vs. 1.0% in 2025.