On May 21, 2025, Jefferies, a prominent financial services company, initiated coverage on First Horizon (FHN, Financial) with a "Buy" rating. The coverage was led by analyst David Chiaverini, who has set a price target of $25.00 USD, reflecting confidence in the company's potential growth and performance in the market.
This announcement marks the beginning of Jefferies' formal analysis of First Horizon, providing a positive outlook for investors considering FHN as a prospective addition to their portfolios. As analysts initiate or adjust their coverage, it often serves as a signal of the company's current and future market valuation.
The coverage by Jefferies could potentially influence investor sentiment and drive increased interest in First Horizon (FHN, Financial), particularly given the "Buy" rating and the set price target of $25.00 USD.
First Horizon (FHN, Financial) is thus positioned for closer scrutiny by investors and market observers, as they evaluate the recommendations provided by Jefferies and its seasoned analyst, David Chiaverini.
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 $22.04 with a high estimate of $25.00 and a low estimate of $20.00. The average target implies an upside of 9.86% from the current price of $20.06. 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 $19.50, suggesting a downside of 2.79% from the current price of $20.06. 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.
