Keefe Bruyette upgraded First Horizon to Outperform from Market Perform with a price target of $18, up from $16, as part of a Q1 earnings preview for the banks. The analyst sees “tactical opportunities” for the quarter, including stocks that may be oversold on spreading credit concerns and also where changes in 2024 net interest income guidance may not be fully reflected in expectations.
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: