BofA raised the firm’s price target on First Horizon (FHN) to $27 from $26 and keeps a Buy rating on the shares. The company’s Q2 earnings beat was driven by by lower expenses and provisions, and the firm is raising its FY25 EPS view on the beat and its FY26 view to reflect higher loan balances and lower expenses, the analyst tells investors in a research note.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon National’s Earnings Call: Growth Amid Challenges
- Strong Future Performance and Strategic Positioning Drive Buy Rating for First Horizon
- First Horizon: Hold Rating Amid Mixed Performance and Cautious Optimism
- Morning Movers: PNC Financial and Johnson & Johnson higher after Q2 results
- First Horizon Reports Strong Q2 2025 Financial Results