JPMorgan Chase & Co. Raises First Horizon (NYSE:FHN) Price Target to $28.50

Posted by Stanley Muller on Jul 1st, 2026

First Horizon (NYSE:FHN – Get Free Report) had its price target raised by investment analysts at JPMorgan Chase & Co. from $26.00 to $28.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 10.31% from the company’s previous close.

Several other research analysts have also commented on FHN. Zacks Research lowered First Horizon from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Barclays dropped their target price on shares of First Horizon from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Fundamental Research set a $28.50 price target on shares of First Horizon in a research note on Wednesday. Weiss Ratings raised shares of First Horizon from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 8th. Finally, Autonomous Res cut shares of First Horizon from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, First Horizon has a consensus rating of “Hold” and an average price target of $26.73.

Get Our Latest Analysis on FHN

First Horizon Price Performance

Shares of FHN stock traded up $0.20 on Wednesday, reaching $25.84. The company’s stock had a trading volume of 301,947 shares, compared to its average volume of 5,378,270. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon has a 12-month low of $19.80 and a 12-month high of $26.56. The company has a market capitalization of $12.26 billion, a P/E ratio of 12.92, a PEG ratio of 1.00 and a beta of 0.60. The stock’s 50 day simple moving average is $24.50 and its 200-day simple moving average is $24.14.

First Horizon (NYSE:FHN – Get Free Report) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $869.49 million. First Horizon had a return on equity of 11.65% and a net margin of 20.54%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. As a group, equities analysts predict that First Horizon will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Horizon

A number of large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC lifted its stake in First Horizon by 873.1% in the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,458 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,095 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in shares of First Horizon by 56.2% in the first quarter. Basecamp Wealth Advisors LLC now owns 2,073 shares of the financial services provider’s stock worth $47,000 after buying an additional 746 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of First Horizon by 1,348.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,013 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,874 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of First Horizon in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.

About First Horizon

(Get Free Report)

First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.

Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.