These Analysts Raise Their Forecasts On First Horizon Following Q2 Results

First Horizon Corporation FHN reported better-than-expected sales for its second quarter.

First Horizon reported quarterly revenues of $1.031 billion, up 39% Y/Y, beating the consensus of $921.53 million. Adjusted EPS of $0.39 marginally missed the consensus of $0.40.

First Horizon shares gained 0.4% to close at $12.87 on Wednesday and added 0.2% in today’s pre-market trading.

These analysts made changes to their price targets on First Horizon following earnings announcement.

• Raymond James boosted the price target on First Horizon from $13 to $14. Raymond James analyst Michael Rose maintained an Outperform rating.
• RBC Capital increased the price target on First Horizon from $13 to $14. RBC Capital analyst Jon Arfstrom maintained a Sector Perform rating.

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