Brokerage Firm Rating Update on First Horizon National Corporation (FHN)

First Horizon National Corporation (FHN) : The consensus on First Horizon National Corporation (FHN) based on 10 analyst recommendation on the company stock is 3.1, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on First Horizon National Corporation (FHN).

First Horizon National Corporation (FHN) : Currently there are 8 street experts covering First Horizon National Corporation (FHN) stock. The most bullish and bearish price target for the stock is $17 and $14 respectively for the short term. The average price target of all the analysts comes to $15. The estimated standard deviation from the target is $1.17.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Wells Fargo downgrades its rating on First Horizon National Corporation (NYSE:FHN).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on August 23, 2016.

First Horizon National Corporation (NYSE:FHN): The stock opened at $15.01 and touched an intraday high of $15.19 on Wednesday. During the day, the stock corrected to an intraday low of $14.91, however, the bulls stepped in and pushed the price higher to close in the green at $15.18 with a gain of 0.93% for the day. The total traded volume for the day was 2,813,674. The stock had closed at $15.04 in the previous trading session.

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). FHN operates through four segments: regional banking, capital markets, corporate and non-strategic. As of December 31, 2014, FHNs subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31, 2014, the Bank had 182 branch locations in seven states: 168 branches in Tennessee; 2 branches in northwestern Georgia; 7 branches in northwestern Mississippi; 2 branches in North Carolina, and one branch each in Virginia, South Carolina, and Florida. At December 31, 2014, FTN Financial products and services were offered through 27 offices in total, including 26 offices in 16 states across the United States plus an office in Hong Kong.

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