RBC Raises First Horizon (FHN) Price Target After Management Meetings

First Horizon Corporation (NYSE:FHN) is one of the 8 cheap beginner stocks to buy right now. On June 9, RBC Capital Markets maintained its Outperform rating on First Horizon Corporation (NYSE:FHN) while modifying its outlook, increasing the bank’s price target from $22 to $24. The change followed recent meetings with First Horizon’s top executives—CFO Hope Dmuchowski, Head of Investor Relations Tyler Craft, and Chairman, President, and CEO Bryan Jordan.

The management team focused on a stabilization in deposit costs during the talks, which they stated should help maintain a stable margin. They also talked about possible strategies to lessen the impact in the event that the Fed lowers interest rates again.

Additionally, RBC Capital’s analysis indicates that First Horizon’s management is focusing on internal operations and strategy, even if investors were interested in mergers and acquisitions (M&A) and the importance of exceeding the $100 billion asset benchmark. According to RBC, the revenue outlook remained stable even with some slowdown in near-term industry lending activity.

First Horizon Corporation (NYSE:FHN) is a financial holding corporation with headquarters in Tennessee. Its primary business divisions include Corporate, Specialty Banking, and Regional Banking.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.