Citigroup Increases Price Target on First Horizon, Maintains Buy Rating

Wednesday, Aug 27, 2025 4:50 am ET1min read

Citigroup analyst Ben Gerlinger maintained a "Buy" rating on First Horizon (FHN, Financial) and increased the price target from $25.00 to $26.00, a 4.00% increase. This marks a consistent upward adjustment in price targets from various analysts, reflecting a strong outlook for the company's future prospects. The average target price for First Horizon Corp is $24.62 with a high estimate of $27.00 and a low estimate of $22.00, indicating an upside of 8.61% from the current price.

Citigroup analyst Ben Gerlinger has maintained a "Buy" rating on First Horizon (FHN), increasing the price target from $25.00 to $26.00, a 4.00% increase. This upward adjustment reflects a positive outlook for the company's future prospects. Over the past three months, nine analysts have provided ratings for First Horizon, with an average target price of $24.62, a high estimate of $27.00, and a low estimate of $22.00 [1].

First Horizon Corp, the parent company of First Tennessee Bank, has shown strong performance with a 36.2% rally in the past year, outperforming industry peers BOK Financial Corporation (BOKF) and Cullen/Frost Bankers (CFR), which gained 5.0% and 16.9% respectively [3]. The company's loan and deposit balances have witnessed a compound annual growth rate (CAGR) of 15% and 15.1% respectively between 2019 and 2024 [3].

Analysts' ratings and price targets indicate a positive sentiment towards First Horizon. The company's net margin and return on equity (ROE) are below industry averages, suggesting challenges in profitability and efficient capital utilization. However, the debt-to-equity ratio is below the industry average, reflecting a conservative financial approach [1].

First Horizon's strong performance and positive analyst sentiment provide a robust foundation for continued growth. However, investors should remain vigilant about rising expenses and potential near-term hurdles [3].

References:
[1] https://www.benzinga.com/insights/analyst-ratings/25/08/47341324/9-analysts-have-this-to-say-about-first-horizon
[2] https://www.tradingview.com/news/tradingview:d24f28564cda1:0-first-horizon-corp-executive-sells-100-000-shares/
[3] https://www.nasdaq.com/articles/first-horizon-stock-nearly-36-year-how-approach-now

Citigroup Increases Price Target on First Horizon, Maintains Buy Rating

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