Wells Fargo analyst Terry McEvoy reiterated an Equal-Weight rating on First Horizon (FHN) and increased its price target from $26 to $28. This indicates a slightly more optimistic outlook from the analyst, suggesting potential for modest upside in the stock.
Wells Fargo analyst Terry McEvoy maintained an 'Equal-Weight' rating on First Horizon (FHN) but raised the price target from $26 to $28. This action signals a slightly improved valuation perspective from the analyst, likely based on updated financial models or market conditions for the banking sector. While the 'Equal-Weight' rating suggests the stock is expected to perform in line with the broader market, the increased price target offers a short-term positive sentiment for FHN, potentially attracting some buying interest. For traders, this could represent a minor opportunity for short-term gains if the market reacts positively to the news, though the overall neutral rating limits long-term bullish implications.