UBS raised the firm’s price target on First Horizon (FHN) to $29 from $28 and keeps a Buy rating on the shares. Mid-cap banks have delivered strong results and avoided early Q4 credit concerns. Investor momentum into regional banks is expected to continue, supported by curve steepening, accelerating loan growth, and M&A activity such as Santander’s (SAN) acquisition of Webster (WBS).
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon Wealth Management names Eric Teal as Chief Investment Officer
- First Horizon put volume heavy and directionally bearish
- First Horizon price target raised to $27 from $25 at DA Davidson
- First Horizon price target raised to $27 from $26 at TD Cowen
- First Horizon price target raised to $29 from $28 at Stephens