Hovde Group covered First Horizon (NYSE:FHN), bumping up its stock price target to $16.50 today
- Updated: September 25, 2016
Only yesterday First Horizon (NYSE:FHN) traded -0.39% lower at $15.24. FHN’s 50-day moving average is $15.12 and its 200-day moving average is $14.15. With the last close up 7.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,276,589 shares of First Horizon traded hands, down from an avg. volume of 2,085,120
Hovde Group upped the price target of First Horizon (NYSE:FHN) to $16.50 stating a potential upside of 0.08%.
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With a total market value of $0, First Horizon has 52 week low of $11.51 and a 52 week high of $15.50 with a P/E ratio of 17.28 .
Also covering First Horizon's price target, a total of 16 brokers have issued a report on the company. The average stock price target is $14.19 with 0 firms rating the stock a strong buy, zero analysts rating the company a buy, zero equity analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.
Brief Synopsis About First Horizon (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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