Raymond James analyst Michael Rose upgraded First Horizon to Outperform from Market Perform with a $13 price target. The upgrade reflects reset earnings expectations following its recent investor day, better than peer capital ratios, and deposit beta expectations that are viewed as more realistic vs. several of its peers, the analyst tells investors in a research note.
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Read More on FHN:
- First Horizon upgraded to Outperform from Market Perform at Raymond James
- First Horizon price target raised to $13.50 from $13 at JPMorgan
- First Horizon reinstated with a Neutral at Goldman Sachs
- First Horizon to be added to BKX on June 20
- First Horizon resumed with Neutral from Overweight at JPMorgan