Raymond James Reiterates 'Buy' Rating on First Horizon Corporation
Raymond James reaffirms its 'Buy' rating on First Horizon with a target price of $28, a 9.20% upside from the current price.
Key Points
- Raymond James analyst Daniel Tamayo reiterated a 'Buy' rating on First Horizon Corporation (NYSE: FHN) with a target price of $28 on July 1, 2026.
- Raymond James's $28 price target implies 9.20% upside from First Horizon Corporation's ($FHN) current $25.64 share price.
- First Horizon's stock traded at $25.64 on Wednesday, with a market cap of approximately $12.17 billion and a P/E ratio of 12.88.
- Recent insider activity shows top executives selling shares in May, while analysts maintain varied ratings with a consensus 'Buy'.
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Raymond James has reiterated its 'Buy' rating on First Horizon Corporation (NYSE: FHN), setting a target price of $28. This update from analyst Daniel Tamayo was released on July 1, 2026, as the stock traded around $25.64 on Wednesday.
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First Horizon Corporation Stock Up 4.0%
Shares of NYSE:FHN traded near $25.64 on Wednesday. First Horizon Corporation, with a market cap of about $12.17 billion, has a P/E ratio of 12.88 and a forward P/E of 10.89. The stock has seen a 52-week low of $19.80 and a high of $26.56. It also maintains a 50-day moving average of $24.49 and a 200-day moving average of $23.45.
$FHN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
First Horizon reported revenue of approximately $3.43 billion, with a revenue growth rate of 9.7%. The company achieved a net margin of about 29.9% and a return on equity of 11.3%. The next earnings report is scheduled for July 15, 2026.
Dividend
First Horizon offers an annual dividend rate of $0.68, yielding 2.65% with a payout ratio of 31.16%.
Insider Buying and Selling at First Horizon Corporation
On May 12, 2026, several top executives at First Horizon sold shares at an average price of $23.90. Chairman and CEO Bryan Jordan sold 46,272 shares, while other executives like Senior EVP and CFO Hope Dmuchowski and SEVP & Chief Human Resource Officer Tanya Hart also sold significant amounts.
Analysts Set New Price Targets
On July 1, 2026, Raymond James maintained its 'Buy' rating on First Horizon with a target price of $28. JP Morgan also maintained a 'Hold' rating with a target of $28.5. The consensus among 19 analysts is a 'Buy', with an average target price of $27.03.
About First Horizon Corporation
First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee. It operates through various segments, including Regional Banking and Specialty Banking, offering services like commercial and consumer banking, wealth management, and mortgage origination. The company, led by CEO D. Bryan Jordan, employs around 7,400 people.
Bottom Line
Raymond James's reiteration of a 'Buy' rating for First Horizon Corporation reflects continued confidence in the company's prospects. Investors keep a close eye on such analyst updates as they assess the stock's potential. It is important to remember that these ratings are based on data available at the time and may not reflect current conditions.
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