First Horizon Analysts Increase Their Forecasts After Upbeat Q4 Earnings

Core Insights - First Horizon Corp reported fourth-quarter earnings of 52 cents per share, exceeding the analyst consensus estimate of 46 cents per share [1] - The company achieved quarterly sales of $888 million, surpassing the analyst consensus estimate of $859.343 million [1] Financial Performance - The fourth quarter performance was described as strong, contributing to an outstanding year for First Horizon, with consistent execution of strategy leading to significant earnings growth [2] - The stock price fell by 1.1% to $24.17 following the earnings announcement [2] Analyst Ratings and Price Targets - Keefe, Bruyette & Woods analyst Christopher McGratty maintained a Market Perform rating and raised the price target from $24 to $25 [3] - Stephens & Co. analyst Russell Gunther maintained an Overweight rating and increased the price target from $28 to $29 [3] - TD Cowen analyst Janet Lee maintained a Hold rating and raised the price target from $26 to $27 [3] - DA Davidson analyst Peter Winter maintained a Neutral rating and increased the price target from $25 to $27 [3]