JPMorgan Chase & Co. Lowers First Horizon (NYSE:FHN) Price Target to $27.00

First Horizon (NYSE:FHN) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $28.50 to $27.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 4.71% from the company’s current price.

Several other brokerages also recently weighed in on FHN. Truist Financial upped their price target on First Horizon from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price objective on First Horizon from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, April 16th. Fundamental Research set a $28.50 price objective on First Horizon in a research report on Wednesday, July 1st. Autonomous Res lowered shares of First Horizon from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, Barclays reduced their target price on shares of First Horizon from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, First Horizon has an average rating of “Hold” and an average target price of $27.16.

First Horizon Stock Up 1.5%

First Horizon stock opened at $25.79 on Thursday. First Horizon has a twelve month low of $19.80 and a twelve month high of $26.56. The stock’s fifty day simple moving average is $24.76 and its 200-day simple moving average is $24.27. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $12.24 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.99 and a beta of 0.60.

First Horizon (NYSE:FHN) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $878.42 million. First Horizon had a return on equity of 12.06% and a net margin of 21.12%.During the same period last year, the firm earned $0.45 earnings per share. As a group, equities analysts expect that First Horizon will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FHN. Norges Bank acquired a new stake in shares of First Horizon in the 4th quarter valued at about $153,942,000. Artemis Investment Management LLP acquired a new position in First Horizon during the fourth quarter worth approximately $90,319,000. North Reef Capital Management LP increased its position in First Horizon by 25.5% during the first quarter. North Reef Capital Management LP now owns 14,453,208 shares of the financial services provider’s stock worth $328,955,000 after buying an additional 2,936,368 shares during the period. Cullen Capital Management LLC lifted its stake in First Horizon by 3,401.0% in the fourth quarter. Cullen Capital Management LLC now owns 2,030,457 shares of the financial services provider’s stock valued at $48,528,000 after buying an additional 1,972,461 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in First Horizon in the first quarter valued at approximately $43,483,000. 80.28% of the stock is owned by institutional investors and hedge funds.

First Horizon News Roundup

Here are the key news stories impacting First Horizon this week:

• Positive Sentiment: Analysts and market commentary highlighted First Horizon’s Q2 earnings beat, stronger net interest income, fee income, and loan/balance growth, reinforcing the view that the stock may be undervalued after the quarter. First Horizon (FHN) Stock May Be 45% Undervalued After Q2 Earnings Beat
• Positive Sentiment: First Horizon said its banking results are showing improvement, which supports the bullish narrative around earnings momentum and operating performance. First Horizon (NYSE:FHN) Banking Results Show Improvement
• Positive Sentiment: Another earnings-focused article said the Q2 beat is bringing First Horizon’s undervalued-stock thesis into sharper focus, adding to investor optimism. First Horizon (FHN) Q2 Earnings Beat Brings Its Undervalued Narrative Into Focus
• Neutral Sentiment: First Horizon announced the 10th anniversary of its Music, Sports and Entertainment Group, which is positive for branding but likely not a major near-term stock driver. A Decade of Client-first Service in Music, Sports and Entertainment at First Horizon Bank
• Neutral Sentiment: The bank also announced a leadership-related community appointment, which is supportive of local relationships but unlikely to materially affect shares. First Horizon Bank and United Way of Southeast Louisiana Announce Meghan Donelon is Appointed Executive Committee Board Chair
• Neutral Sentiment: Catherine Wood was promoted to head of commercial banking strategy, a management update that could help execution but is not a major immediate catalyst. Catherine Wood Promoted to Head of Commercial Banking Strategy for First Horizon Bank
• Negative Sentiment: JPMorgan lowered its price target on FHN to $27 from $28.50 and kept a neutral rating, suggesting limited upside despite the earnings beat. First Horizon price target lowered by JPMorgan Chase & Co.
• Negative Sentiment: One report noted that shares fell after the earnings release because expenses rose and capital ratios weakened, raising some caution around the quality of the quarter. FHN Shares Fall Despite Q2 Earnings Beat on Higher NII & Fee Income
• Neutral Sentiment: First Horizon also posted better-than-expected Q2 sales, adding to the overall earnings beat narrative. First Horizon (NYSE:FHN) Posts Better-Than-Expected Sales In Q2 CY2026

About First Horizon

First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.

Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.