Barclays raised the firm’s price target on First Horizon to $21 from $19 and keeps an Overweight rating on the shares post the Q3 report. The company’s guidance for total revenue unchanged, but the composition is shifting more to fees from the benefits of lower rates, 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:
- United Air reports Q3 beat, Amazon unveils nuclear energy pacts: Morning Buzz
- First Horizon Reports Strong Q3 2024 Financial Growth
- First Horizon reports Q3 adjusted EPS 42c, consensus 38c
- First Horizon price target lowered to $18 from $19 at JPMorgan
- First Horizon price target lowered to $18 from $18.50 at Evercore ISI