First Horizon Corp (NYSE: FHN) stock closed at $20.10 on 11/6/24 after a major increase of 16.5%. Moreover, exceptionally high trading volume at 330% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 16.3% during the last week.
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 B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Horizon has a slightly positive Appreciation Score of 66 and a good Power Rating of 77, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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