First Horizon (NYSE:FHN) Price Target Raised to $27.00

16 Jan 2026, 15:20 by Kim Johansen · The Markets Daily

First Horizon (NYSE:FHN – Get Free Report) had its target price upped by equities researchers at TD Cowen from $26.00 to $27.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target suggests a potential upside of 10.43% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of First Horizon in a report on Monday, December 29th. Citigroup lifted their target price on shares of First Horizon from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded First Horizon from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Truist Financial set a $27.00 price objective on First Horizon in a research report on Friday, January 9th. Finally, Jefferies Financial Group set a $25.00 target price on First Horizon and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.63.

Check Out Our Latest Analysis on FHN

First Horizon Stock Performance

FHN opened at $24.45 on Friday. First Horizon has a 1-year low of $15.19 and a 1-year high of $24.91. The stock has a market cap of $12.04 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.85 and a beta of 0.61. The stock’s 50 day simple moving average is $23.17 and its 200 day simple moving average is $22.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95.

First Horizon (NYSE:FHN – Get Free Report) last posted its earnings results on Thursday, January 15th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $892.00 million for the quarter, compared to analyst estimates of $863.87 million. First Horizon had a return on equity of 10.93% and a net margin of 18.08%.During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, equities analysts anticipate that First Horizon will post 1.67 EPS for the current fiscal year.

First Horizon declared that its board has approved a stock buyback plan on Monday, October 27th that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP David T. Popwell sold 155,149 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $21.31, for a total value of $3,306,225.19. Following the completion of the sale, the executive vice president owned 307,432 shares of the company’s stock, valued at $6,551,375.92. This represents a 33.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeff L. Fleming sold 7,619 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $21.74, for a total value of $165,637.06. Following the completion of the sale, the chief accounting officer owned 128,626 shares of the company’s stock, valued at approximately $2,796,329.24. This trade represents a 5.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On First Horizon

A number of institutional investors and hedge funds have recently bought and sold shares of FHN. LSV Asset Management raised its stake in shares of First Horizon by 5.0% in the 2nd quarter. LSV Asset Management now owns 13,458,438 shares of the financial services provider’s stock valued at $285,319,000 after purchasing an additional 646,060 shares in the last quarter. Invesco Ltd. increased its holdings in First Horizon by 8.5% in the third quarter. Invesco Ltd. now owns 7,606,808 shares of the financial services provider’s stock valued at $171,990,000 after buying an additional 595,869 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Horizon by 45.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,738,428 shares of the financial services provider’s stock worth $142,855,000 after buying an additional 2,091,865 shares during the last quarter. Norges Bank acquired a new position in shares of First Horizon in the 2nd quarter worth approximately $131,399,000. Finally, William Blair Investment Management LLC increased its holdings in shares of First Horizon by 38.7% in the 3rd quarter. William Blair Investment Management LLC now owns 5,219,830 shares of the financial services provider’s stock valued at $118,020,000 after acquiring an additional 1,456,820 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

More First Horizon News

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

Positive Sentiment: Q4 earnings and revenue beat — FHN reported EPS of $0.528 vs. $0.46 expected and revenue of $892M vs. ~$864M est.; management said Q4 net income and adjusted NIAC rose year-over-year, supporting the earnings upside. Press Release
Positive Sentiment: Loan growth and deposit discipline highlighted — analysts and company commentary pointed to accelerating loan growth and disciplined deposit management as the operational drivers behind the upside, which improve top-line momentum and net interest income outlook. Deep Dive
Positive Sentiment: Management framed risks as manageable — earnings-call takeaways and slide deck emphasized credit performance, improved margins (ROE ~10.9%, net margin ~18.1%) and controllable risks, which reduces investor uncertainty around forward earnings. Earnings Call Transcript
Neutral Sentiment: Analyst price-target tweak — Keefe, Bruyette & Woods raised its price target from $24 to $25 but kept a “market perform” rating, a modest endorsement that stops short of a buy-upgrade. This offers limited incremental catalytic lift. Benzinga
Neutral Sentiment: Full-year results show improvement but mixed signal on liquidity/valuation — Full-year NIAC and adjusted NIAC improved materially (FY EPS ~ $1.87–1.89), supporting valuation (PE ~14.8, PEG ~0.85), though some balance-sheet ratios (current/quick ~0.95–0.96) warrant monitoring. MarketBeat
Negative Sentiment: Analyst stance not overwhelmingly bullish — despite beats and operational progress, coverage remains conservative (market-perform across some shops) and the PT increase is modest, limiting the scope for a re-rating until trends (loan growth, margins) prove durable. TipRanks

First Horizon Company Profile

(Get Free Report)

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.