First Horizon Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

As First Horizon Corporation (FHN) prepares to release its fourth-quarter earnings on January 16, 2025, investors are eagerly awaiting the company's performance. Analysts have been busy updating their forecasts, reflecting their confidence in the regional bank's growth prospects. Let's take a closer look at the recent changes in analyst price targets and ratings for First Horizon.



Analyst Price Targets
Analysts have established 12-month price targets for First Horizon, with an average target of $21.35. This average represents a 2.72% upside from the current stock price of $20.78. The high estimate is $25.00, while the low estimate is $17.00. The upward trend in price targets suggests that analysts expect First Horizon's stock price to appreciate as the company's growth prospects materialize.



Analyst Ratings
The average analyst rating for First Horizon is a 'Moderate Buy', indicating that analysts believe this stock is likely to outperform the market over the next twelve months. This rating has held steady since December 2023, when it changed from a 'Hold' consensus rating.



Key Analyst Actions
Several analysts have recently updated their recommendations for First Horizon, reflecting their changing perspectives on the company's performance. Here are some key actions taken by analysts in the last three months:

1. Jared Shaw of Barclays raised the firm's price target on First Horizon to $23 from $21 and keeps a 'Overweight' rating on the shares as part of a 2025 outlook for the mid- and small-cap banks.
2. Brady Gailey of Keefe, Bruyette & Woods raised the firm's price target on First Horizon to $24 from $23 and maintains a 'Market Perform' rating.
3. Nicholas Holowko of UBS initiated coverage on First Horizon with a 'Buy' rating and a price target of $25.
4. Jon Arfstrom of RBC Capital raised the firm's price target on First Horizon to $23 from $22 and keeps an 'Outperform' rating.
5. Ryan Nash of Goldman Sachs raised the firm's price target on First Horizon to $23 from $18.5 and maintains a 'Neutral' rating.
6. Michael Rose of Raymond James raised the firm's price target on First Horizon to $22 from $19 and keeps an 'Outperform' rating.
7. John Pancari of Evercore ISI Group raised the firm's price target on First Horizon to $20 from $18 and maintains an 'Outperform' rating.
8. Russell Gunther of Stephens & Co. raised the firm's price target on First Horizon to $20 from $18 and keeps an 'Overweight' rating.
9. Jared Shaw of Barclays raised the firm's price target on First Horizon to $21 from $19 and keeps an 'Overweight' rating.
10. Jon Arfstrom of RBC Capital raised the firm's price target on First Horizon to $20 from $19 and keeps an 'Outperform' rating.
11. Steven Alexopoulos of JP Morgan lowered the firm's price target on First Horizon to $18 from $19 and maintains a 'Neutral' rating.
12. John Pancari of Evercore ISI Group lowered the firm's price target on First Horizon to $18 from $18.5 and maintains an 'Outperform' rating.
13. David Chiaverini of Wedbush lowered the firm's price target on First Horizon to $17 from $20 and maintains a 'Neutral' rating.

These recent analyst actions reflect a mix of bullish and bearish sentiments, with the majority of analysts maintaining or raising their price targets and ratings. This suggests that analysts are generally optimistic about First Horizon's growth prospects.



In conclusion, First Horizon is well-positioned for its Q4 print, with analysts expecting the company to report quarterly earnings at 39 cents per share and quarterly revenue of $821.89 million. The recent changes in analyst price targets and ratings reflect a positive outlook on the company's growth prospects, with the majority of analysts maintaining or raising their targets and ratings. Investors should stay tuned for First Horizon's earnings release on January 16, 2025, to gain further insights into the company's performance and growth prospects.