First Horizon National Corporation (NYSE:FHN) has been upgraded from Hold to Buy in a statement by Jefferies & Co earlier today.
- Updated: November 28, 2016
Jefferies & Co has upgraded First Horizon National Corporation (NYSE:FHN) from Hold to Buy in a statement released on 11/28/2016.
On 2/10/2016, Guggenheim released a statement for First Horizon National Corporation (NYSE:FHN) maintained the target price at $16.00 that suggested an upside of 0.32%.
Boasting a price of $18.75, First Horizon National Corporation (NYSE:FHN) traded 0.24% higher on the day. With the last stock price close up 25.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. First Horizon National Corporation has recorded a 50-day average of $16.26 and a two hundred day average of $14.96. Volume of trade was down over the average, with 901,557 shares of FHN changing hands under the typical 2,187,750
With a total market value of $0, First Horizon National Corporation has price-earnings ratio of 20.68 with a one year low of $11.51 and a one year high of $19.26 .
A total of 16 equity analysts have released a research note on FHN. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $14.19.
Brief Synopsis On First Horizon National Corporation (NYSE:FHN)
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company's regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. The regional banking segment provides investments and financial planning. The Company's fixed income segment consists of fixed income securities sales, trading, and strategies for institutional clients in the United States and abroad. The Company's corporate segment consists of funds management, tax credit investment activities and gains on the extinguishment of debt, among others. The non-strategic segment offers wind-down national consumer lending activities and mortgage banking elements.
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