First Horizon removed from Fresh Pick list as short at Baird

Baird removed First Horizon from its Fresh Pick list as a short saying the stock’s risk/reward is more reasonable following the recent selloff. With the stock 10% below the long-term median valuation, the price reflects reasonable expectations with solid upside in a transaction, the analyst tells investors in a research note. The firm keeps a Neutral rating on the shares with a $16 price target.