First Horizon Analyst Sees ‘Increased Potential For More Aggressive Capital Return’ In 2024
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Shares of First Horizon Corp (NYSE: FHN) have been in focus amid pressure on the broader regional bank sector.
This regional bank has a favorable 2024 outlook, which should allow its stock to continue to outperform peers, according to RBC Capital Markets.
The First Horizon Analyst: On Tuesday, Jon Arfstrom upgraded the rating for First Horizon from Sector Perform to Outperform, while raising the price target from $16 to $18.
The First Horizon Thesis: The company reported strong NIM (net interest margin) expansion in the fourth quarter and is “ahead of peers …
Full story available on Benzinga.com
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