First Horizon Corporation Stock 12‑Month Price Target Cut to $27.16, Implies 16% Upside
First Horizon Corporation's (FHN) average 12-month price target was reduced from $27.34 to $27.16 by 22 analysts, with estimates ranging from $25 to $30. This implies a 16% upside from the Oct. 6 closing price. The consensus rating remains 'Buy' among 23 analysts, with 9 Buys, 14 Holds, and 0 Sells.
How this was made
The 30-second read
Why it matters
Analyst target reduction may lead to short‑term price weakness, but the implied 16% upside still leaves room for rally if earnings beat expectations.
Market read
The price‑target cut is a modest but fresh piece of information that could affect short‑term trading decisions on FHN.
What to watch
Potential hidden upside from upcoming loan portfolio growth not yet reflected in analyst models.
Background
First Horizon Corp is a regional bank; the article reports a new consensus price target from FactSet data.
Ticker impact
Analyst consensus price target for First Horizon Corp was lowered to $27.16, down from $27.34, indicating a fresh downgrade in expectations.
likely downside as market prices in the lower target
The new target implies only 16% upside from the current price; a lower target often leads to price weakness.
Market effects
Minimal impact on regional banking sector; only a slight sentiment shift for small‑cap lenders.
US small‑cap banking stocks may see modest pressure.
Low
Counterpoint
Some investors may view the modest target cut as a buying opportunity if the stock is already discounted.
Key entities
- companyFirst Horizon Corporation
Regional bank whose price target was lowered.
