FHN Maintained by Wells Fargo -- Price Target Lowered to $25
Wells Fargo maintained an Equal-Weight rating on First Horizon (FHN) but lowered its price target from $28 to $25. According to GuruFocus, FHN is currently undervalued by 5.4% with a GF Value of $24.42. The company's GF Score is 77/100, indicating strong overall performance but concerns in financial strength. Insider activity shows recent selling of $455,078.
How this was made
The 30-second read
Why it matters
Analyst rating change provides fresh guidance for traders; no other material events reported.
Market read
A modest analyst downgrade that may trigger short‑term price pressure.
What to watch
Insider selling and low financial strength rank may signal deeper concerns.
Background
First Horizon Corp is a $11 B bank holding company focused on the Southern U.S. market.
Ticker impact
Wells Fargo lowered its price target for First Horizon Corp (FHN) to $25, indicating a more cautious outlook.
likely downside as the market prices in the lower target
Analyst price‑target cuts are a direct catalyst; the magnitude is modest and the stock already trades below the new target.
Market effects
May prompt a slight re‑rating of other regional banks.
Limited to U.S. financial services sector.
Low
Counterpoint
The cut could be over‑cautious; the stock's valuation still appears attractive.
Key entities
- companyFirst Horizon Corp
U.S. bank holding company, ticker FHN
- analystWells Fargo
Equity research firm issuing the rating
