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Research Alert: CFRA Maintains Buy Opinion On Shares Of First Horizon Corporation
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Research Alert: CFRA Maintains Buy Opinion On Shares Of First Horizon Corporation
Jul 16, 2025 8:48 AM

11:25 AM EDT, 07/16/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $6 to $28, applying a forward P/E of 14.3x our 2026 EPS estimate, a premium to the peer average of 12.7x, as the bank benefits from superior credit quality. We raise our 2025 EPS estimate by $0.10 to $1.82 and increase 2026's by $0.12 to $1.96. FHN maintains a strong financial position despite broader economic uncertainties, as tariff-related concerns have not yet affected the bank's loan demand or credit quality. The bank's CET1 ratio of 11.0%, well above historical norms, provides significant strategic flexibility, allowing FHN to aggressively pursue loan growth opportunities within its attractive Southeast branch network or accelerate share buybacks. Recent stress test results, indicating less restrictive capital requirements for the industry, create additional regulatory tailwinds that support a positive outlook for the bank. Furthermore, management's updated guidance demonstrates disciplined cost control as expense expectations were reduced to 0%-2% from 2%-4%.

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