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

Compass Point LLC reiterated its First Horizon FHN Sell rating and $7 price target in a research report published today. In the report, Compass Point LLC states, "We anticipate FHN will underperform peers as loan growth is likely difficult to achieve given their declining home equity portfolio, capital markets income normalizes, and private label mortgage repurchase concerns persist." Shares of First Horizon are currently trading at $11.53 at the time of posting, up 1.59% from Tuesday's market close.