First Horizon price target raised to $19 from $18 at Barclays

Barclays analyst Jared Shaw raised the firm’s price target on First Horizon to $19 from $18 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. Credit is expected to remain benign across the group, the analyst tells investors in a research note. The firm says Q2 has been “relatively uneventful” for the space, which it views as a positive into the quarter. Barclays is tactically positive on Synovus Financial (SNV), First Horizon (FHN) and Old National Bancorp (ONB) into earnings.