First Horizon

FHN · NYSE

$23.06+$0.33 (+1.45%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $22.73

FHN analyst rating

HoldConsensus of 17 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy5
Hold12
Underperform0
Sell0

12-month price target · 22 analysts

Average $28.59 (+24.0% upside)

Low: $25.25
Now: $23.06
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

FHN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Oct 19, 2026	Maintains	Hold	$25.00 → $26.00	46%
Raymond James	Oct 16, 2026	Maintains	Outperform	$28.00 → $27.00	54%
JP Morgan	Oct 16, 2026	Maintains	Neutral	$27.00 → $26.00	50%
Truist Securities	Oct 9, 2026	Maintains	Hold	$27.00 → $25.00	46%
Evercore ISI Group	Oct 1, 2026	Maintains	In-Line	$26.00 → $25.00	49%
Wells Fargo	Sep 30, 2026	Maintains	Equal-Weight	$28.00 → $25.00	62%
Citigroup	Sep 22, 2026	Maintains	Buy	$28.50 → $28.00	40%
Hovde Group	Sep 17, 2026	Initiates	Market Perform	$25.00	0%
Morgan Stanley	Sep 8, 2026	Initiates	Equal-Weight	$30.00	40%
Wells Fargo	Aug 10, 2026	Maintains	Equal-Weight	$26.00 → $28.00	62%

The case for and against

Updated Apr 3, 2026

Bull case

First Horizon Corp reported a robust increase in net interest income, which rose by $34 million to reach $675 million, surpassing estimates and reflecting a 15 basis points improvement in the net interest margin. The company's tangible book value increased by 2.7% on a quarter-over-quarter basis to $13.94, demonstrating strong growth compared to the previous year. Additionally, core fee income saw a significant rise of 13.2% quarter-over-quarter, indicating strong performance across its financial services, thus supporting a positive outlook on the company's prospects.

Bear case

First Horizon Corp experienced a significant decline in stock value, dropping over 9% following unexpected communication regarding mergers and acquisitions during the 3Q25 earnings call, which overshadowed the company's otherwise solid financial performance. Despite a quarter-on-quarter decrease in provision expenses and some loan growth in commercial and residential mortgages, the overall loan portfolio decreased by $202 million due to contractions in commercial real estate and mortgage warehouse loans, indicating ongoing challenges in the lending environment. Furthermore, First Horizon's projected EPS growth of 6% for 2026 falls below the peer median growth rate of 12%, reflecting a concerning outlook for the company in the context of competitive pressures and economic uncertainty.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.