Sterne Agee has issued a report initiating coverage of First Horizon National Corp. FHN with a Neutral Rating.
According to the report, “We are initiating coverage of First Horizon National Corp. with a NEUTRAL rating and a $12 12-month price target. Our P/E/tangible book value derived price target implies about 1.3x estimated tangible book value and 11-12x our normalized earnings forecast of $1.00-$1.10.”
FHN has a $12 Price Target and closed yesterday at $11.55 a share.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in