Wells Fargo maintains First Horizon at Equal-Weight, raises price target to $26 from $25
Wells Fargo kept First Horizon at Equal-Weight, raising its price target to $26 from $25, suggesting a 12.8% upside from the Nov 6 close of $23.04. Other recent analyst targets range from $26 to $27.
How this was made
The 30-second read
Why it matters
The higher target could attract short‑term buying interest but lacks a concrete catalyst.
Market read
Analyst price‑target change provides modest trading insight for FHN.
What to watch
No new fundamental data; price may already reflect the target.
Background
Wells Fargo's analyst note updates First Horizon's valuation.
Ticker impact
Wells Fargo raised its price target on First Horizon to $26 from $25, a new analyst action.
likely modest upside as investors price in the higher target
Target raise is a fresh analyst note; impact is limited to sentiment rather than a catalyst.
Market effects
Minor effect on regional banking sector as analysts adjust outlooks.
Limited to US small‑cap banking space.
Low
Counterpoint
Target raise may be premature if earnings miss expectations.
Key entities
- companyFirst Horizon National Corp
Regional bank receiving a new price target.
- companyWells Fargo
Brokerage firm issuing the analyst note.
