Compass Point Reiterates First Horizon National Sell, $7 PT (FHN)

Compass Point LLC reiterates its First Horizon National FHN Sell rating and $7 price target in a research report published today. In the report, Compass Point states, "We continue to believe shares of FHN are significantly overvalued as loan growth remains difficult, GSE repurchase expenses persist, and private label RMBS repurchase liability remains." Shares of First Horizon National were trading at $10.99 at the time of posting, up 0.37% from Friday's market close.