UBS assumed coverage of First Horizon (FHN) with a Buy rating and price target of $25, up from $19.50. The firm says the company’s revenue growth and capital optionality, on top of moderating Federal Reserve rate cut expectations, underlie its positive view. The more modest pace of rate cuts bodes well for First Horizon to alleviate margin pressure stemming from its asset-sensitive balance sheet, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FHN:
- First Horizon price target raised to $23 from $19.50 at JPMorgan
- First Horizon, Charlotte Hornets enter multiyear partnership
- First Horizon price target raised to $23 from $22 at RBC Capital
- Trump Weekly: BofA says Trump policies ‘bullish’ for bank stocks
- First Horizon price target raised to $21 from $18 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
