J.P. Morgan analyst Anthony Elian maintains $First Horizon National (FHN.US)$ with a hold rating, and adjusts the target price from $18 to $19.5.
According to TipRanks data, the analyst has a success rate of 28.1% and a total average return of -9.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $First Horizon National (FHN.US)$'s main analysts recently are as follows:
Following the Q3 report, it is noted that First Horizon's guidance for total revenue remains consistent, although there is a noticeable shift in composition towards fee income, benefiting from lower rates.
The company delivered another robust quarter that underscores the robustness of First Horizon's varied business approach. Despite pressures from the interest rate climate and rising deposit costs affecting its net interest income and margin, the firm found strong counterbalances in its fee-based earnings and fixed income performance. First Horizon has also successfully kept core expenses in check, exhibited favorable credit metrics, and continues to actively repurchase shares.
Note:
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