Jefferies Group upgraded First Horizon National Corp (NYSE:FHN) to Buy in a report released today.
- Updated: November 28, 2016
Jefferies Group has upgraded First Horizon National Corp (NYSE:FHN) to Buy in a report released on Monday November 28, 2016.
Previously on Wednesday February 10, 2016, Guggenheim reported on First Horizon National Corp (NYSE:FHN) held steady the target price at $16.00. At the time, this indicated a possible upside of 0.32%.
Yesterday First Horizon National Corp (NYSE:FHN) traded 0.24% higher at $18.71. The company’s 50-day moving average is $16.26 and its 200-day moving average is $14.96. The last closing price is up 25.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 901,557 shares of the stock were exchanged, down from an average trading volume of 2,187,750
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First Horizon National Corp has a 52 week low of $11.51 and a 52 week high of $19.26 with a P/E ratio of 20.68 The company’s market cap is currently $0.
In addition to Jefferies Group reporting its target price, a total of 16 brokers have issued a report on the stock. The consensus target price is $14.19 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About First Horizon National Corp (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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