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Analysts’ Opinions Are Mixed on These Financial Stocks: Agree Realty (ADC), Truist Financial (TFC) and First Horizon (FHN)

Analysts have been eager to weigh in on the Financial sector with new ratings on Agree Realty (ADCResearch Report), Truist Financial (TFCResearch Report) and First Horizon (FHNResearch Report).

Agree Realty (ADC)

In a report issued on July 19, Brad Heffern from RBC Capital maintained a Buy rating on Agree Realty, with a price target of $76.00. The company’s shares closed last Wednesday at $76.20, close to its 52-week high of $76.29.

Heffern has an average return of 14.1% when recommending Agree Realty.

According to TipRanks.com, Heffern is ranked #216 out of 7938 analysts.

Agree Realty has an analyst consensus of Strong Buy, with a price target consensus of $78.50, implying a 2.7% upside from current levels. In a report issued on July 6, JMP Securities also maintained a Buy rating on the stock with a $81.00 price target.

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Truist Financial (TFC)

In a report issued on July 19, Gerard Cassidy from RBC Capital maintained a Buy rating on Truist Financial, with a price target of $70.00. The company’s shares closed last Wednesday at $48.02, close to its 52-week low of $44.68.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 22.6% and a 68.0% success rate. Cassidy covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, JPMorgan Chase & Co., and Fifth Third Bancorp.

Currently, the analyst consensus on Truist Financial is a Moderate Buy with an average price target of $56.97, representing a 18.8% upside. In a report issued on July 12, UBS also maintained a Buy rating on the stock with a $61.00 price target.

First Horizon (FHN)

RBC Capital analyst Jon Arfstrom maintained a Hold rating on First Horizon on July 19 and set a price target of $25.00. The company’s shares closed last Wednesday at $22.26.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.6% and a 56.7% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.

Currently, the analyst consensus on First Horizon is a Moderate Buy with an average price target of $25.00.

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