On May 13, 2025, Truist Securities has initiated coverage of First Horizon (FHN, Financial) with a "Hold" rating. The coverage has been led by analyst John McDonald, who has announced a price target of $21.00 USD for the stock. This marks the initiation of Truist Securities' analysis on First Horizon, a key player within the financial sector.
This announcement comes with no prior price target or rating for First Horizon (FHN, Financial) from Truist Securities, marking this as a fresh analysis of the company. The current price target of $21.00 USD sets a benchmark for potential investors monitoring the company's market performance.
The "Hold" rating suggests that, according to Truist Securities, the stock is expected to perform in line with the market or index. Investors may interpret this as advice to retain current holdings, given that no significant price movement, either upward or downward, is foreseen based on Truist’s analysis.
First Horizon (FHN, Financial) trades on the New York Stock Exchange, and this latest coverage initiation by Truist Securities could offer valuable insights for stakeholders and market participants interested in the stock's future performance potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for First Horizon Corp (FHN, Financial) is $22.12 with a high estimate of $25.00 and a low estimate of $20.00. The average target implies an upside of 9.62% from the current price of $20.18. More detailed estimate data can be found on the First Horizon Corp (FHN) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, First Horizon Corp's (FHN, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Horizon Corp (FHN, Financial) in one year is $19.55, suggesting a downside of 3.1% from the current price of $20.175. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Horizon Corp (FHN) Summary page.
