First Horizon Corp (FHN) Stock AnalysisFHNFirst Horizon Corp

First Horizon Corporation is a regional financial services company. The Company is a financial holding company. The Company’s principal subsidiary, and only banking subsidiary, is First Horizon Bank (the Bank). Through the Bank and other subsidiaries, it offers commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. Its segments include Commercial, Consumer & Wealth; Wholesale; and Corporate. The Commercial, Consumer & Wealth segment offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients primarily in the southern United States and other selected markets. The Wholesale segment includes mortgage warehouse lending, franchise finance, correspondent banking, and mortgage. Additionally, the Wholesale segment has a line of business focused on fixed-income securities sales, trading, underwriting, and others. It operates in the Financials sector (NATIONAL COMMERCIAL BANKS industry).

First Horizon Corp (FHN) is currently trading at $23.08, which is below the average analyst price target of $25.75, suggesting potential upside. However, the RSI is at 40.63, indicating the stock is nearing oversold territory, but not yet a strong buy signal. The forward P/E ratio is 10.01, which is reasonable compared to the industry average, but the recent 5-day change of -1.45% and a year-to-date change of -4.35% indicate ongoing volatility. The main risk is the negative sentiment in the banking sector, as reflected in the recent downgrades by analysts, which could further impact stock performance.

17 analysts cover FHN: 7 rate it Buy, 10 Hold and 0 Sell. The average price target is 27.33.