First Horizon Corporation – Consensus Indicates Potential 6.0% Upside

Broker Ratings

First Horizon Corporation found using ticker (FHN) now have 16 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 15.5 and 12 with a mean TP of 13.39. With the stocks previous close at 12.63 this now indicates there is a potential upside of 6.0%. The 50 day moving average now sits at 11.43 and the 200 moving average now moves to 10.11. The company has a market cap of $7,129m. You can visit the company’s website by visiting: http://www.firsthorizon.com

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. It offers general banking services for consumers, businesses, financial institutions, and governments. The company is also involved in the underwriting of bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; loan sales; derivative sales; and provision of advisory services. In addition, it offers brokerage services; correspondent banking services; transaction processing services comprising nationwide check clearing and remittance processing; trust, fiduciary, and agency services; credit card products; equipment finance; investment and financial advisory services; and wealth management services. Further, the company engages in mutual fund and retail insurance sales, as well as provides mortgage banking services. As of January 17, 2020, it operated approximately 270 branches under the First Horizon Bank brand in the Southeast United States; and 29 offices in 18 states across the United States under the FHN Financial brand. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

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