Wells Fargo analyst Timur Braziler raised the firm’s price target on First Horizon (FHN) to $22 from $21 and keeps an Equal Weight rating on the shares. While there is a seemingly easier path for positive operating leverage in 2025, aided by a late December bond restructure, shares have re-rated amongst the most in the group, likely limiting further outperformance, the analyst tells investors in a research note.
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