Wells Fargo analyst Jared Shaw upgraded First Horizon National (FHN) to Overweight from Equal Weight with an unchanged price target of $25. The pending takeover by TD Bank (TD) is still on track, creating an attractive opportunity in First Horizon at current share levels, the analyst tells investors in a research note.
Published first on TheFly
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- First Horizon Jumps on Analyst Upgrade Related to TD Buyout
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- TD price negotiation on First Horizon ‘not off table,’ say Jefferies
- TD upgraded to Outperform after ‘excessive’ selloff at Scotiabank
