Jefferies Sticks to Their Buy Rating for First Horizon

By Austin Angelo

In a report issued on July 9, Casey Haire from Jefferies reiterated a Buy rating on First Horizon (NYSE: FHN), with a price target of $22. The company’s shares closed yesterday at $17.59.

According to TipRanks.com, Haire is a 5-star analyst with an average return of 21.3% and a 76.1% success rate. Haire covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, TCF Financial Corporation, and Texas Capital Bancshares.

Currently, the analyst consensus on First Horizon is a Moderate Buy with an average price target of $21.17, which is a 20.4% upside from current levels. In a report issued on June 29, Hovde Group also upgraded the stock to Buy with a $21 price target.

.

See today’s analyst top recommended stocks >>

Based on First Horizon’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $92.17 million. In comparison, last year the company had a net profit of $92.35 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through four segments: Regional Banking, Fixed Income, Corporate, and Non-strategic.