Extremely significant positive changes in First Horizon Corp (NYSE: FHN) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FHN is expected to continue to be an important Value Builder.
First Horizon has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. First Horizon has a slightly positive Appreciation Score of 69 and a very high Power Rating of 91, triggering the Highest Value Trend Rating.
Recent Price Action
On 4/26/24, First Horizon Corp (NYSE: FHN) stock rose slightly by 0.07%, closing at $14.81. However, this advance was accompanied by below average trading volume at 68% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.7% during the last week.
Be the first to comment