Bank of America has increased its price target for First Horizon (FHN, Financial) from $23 to $24, maintaining a Buy rating following the company's robust first-quarter earnings performance. The financial institution surpassed expectations with its earnings per share (EPS) report and maintained its guidance for fiscal year 2025.
Key factors influencing the revised outlook include an improved net interest margin and reduced expense projections, which have led Bank of America to raise its EPS forecasts for First Horizon by 1.2% for 2025 and 1.8% for 2026. These developments underscore the bank's positive assessment of First Horizon's financial strategy and overall market positioning.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for First Horizon Corp (FHN, Financial) is $21.89 with a high estimate of $24.00 and a low estimate of $18.00. The average target implies an upside of 26.69% from the current price of $17.28. More detailed estimate data can be found on the First Horizon Corp (FHN) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, First Horizon Corp's (FHN, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Horizon Corp (FHN, Financial) in one year is $19.62, suggesting a upside of 13.54% from the current price of $17.28. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Horizon Corp (FHN) Summary page.
