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First Horizon (FHN) Receives a Rating Update from a Top Analyst


In a report released today, Marty Mosby from Vining Sparks maintained a Buy rating on First Horizon (NYSE: FHN), with a price target of $23. The company’s shares opened today at $17.26.

According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Horizon with a $20.33 average price target, a 17.8% upside from current levels. In a report issued on September 25, J.P. Morgan also maintained a Buy rating on the stock with a $21 price target.

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The company has a one-year high of $20.86 and a one-year low of $16.51. Currently, First Horizon has an average volume of 3.42M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FHN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through four segments: Regional Banking, Fixed Income, Corporate, and Non-strategic.