First Horizon National Corp. Upgraded to “Overweight” by Stephens (FHN)
First Horizon National Corp. (NYSE:FHN) was upgraded by research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $14.00 price target on the stock, up from their previous price target of $11.50. Stephens’ price target would suggest a potential upside of 17.35% from the stock’s previous close.
First Horizon National Corp. (NYSE:FHN) last issued its quarterly earnings data on Friday, January 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.07. The company had revenue of $282.18 million for the quarter, compared to the consensus estimate of $298.66 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 8.1% on a year-over-year basis.
FHN has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of First Horizon National Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of First Horizon National Corp. in a research note to investors on Wednesday, December 11th. They now have a $12.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of First Horizon National Corp. in a research note to investors on Friday, November 22nd. They now have a $11.50 price target on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.70.
First Horizon National Corporation (NYSE:FHN) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.