Extremely important positive changes in investment behavior have recently occurred for First Horizon Corp (NYSE: FHN): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in First Horizon Corp (NYSE: FHN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FHN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First Horizon has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Horizon has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 43, leading to the Neutral Value Trend Rating.
Recent Price Action
First Horizon Corp (NYSE: FHN) stock closed at $14.09 on 1/3/24 after a decline of -2.5%. Moreover, above average trading volume at 123% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 1.4% during the last week.
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