Stephens analyst Russell Gunther initiated coverage of First Horizon with an Overweight rating and $19 price target. First Horizon is well positioned for the current higher for longer interest rate environment a year removed from the TD breakup, the analyst tells investors. First Horizon stands to benefit from counter cyclical fee verticals that drive an above-peer fee-to-revenue mix, the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon Shareholders Approve Expansions and Elections
- First Horizon Declares Cash Dividends on Common and Preferred Stock
- First Horizon Releases Insightful Financial Health Report
- First Horizon Corporation’s Momentum Continues with Strong First Quarter 2024 Results; Net Income Available to Common Shareholders of $184 Million or EPS of $0.33; $195 Million or $0.35 on an Adjusted Basis – up 9% Over Prior Quarter*
- First Horizon reports Q1 adjusted EPS 35c, consensus 34c