Citi Reiterates Buy Rating on First Horizon Corporation (FHN)

Core Viewpoint - First Horizon Corporation (NYSE:FHN) is recognized as one of the top banking stocks to buy, with analysts projecting solid profitability and growth potential amid a normalized yield curve [1]. Group 1: Analyst Ratings and Price Targets - Ben Gerlinger from Citi reaffirmed a Buy rating on First Horizon Corporation, raising the price target from $28 to $28.50, indicating an upside potential of nearly 19% [1]. - Peter Winter from DA Davidson increased the price target from $25 to $27 while maintaining a Neutral rating after the company's fourth-quarter results, which showed strong momentum heading into 2026 [1]. Group 2: Growth Projections - Winter anticipates mid-single digit loan growth for First Horizon, supporting projected revenue growth of 3–7% while keeping expenses stable [2]. - The company has already demonstrated healthy revenue growth over the past year, with analysts forecasting earnings per share (EPS) of $2.05 for fiscal 2026 [2]. Group 3: Company Overview - First Horizon Corporation serves as a holding company for First Horizon Bank, which operates through Regional Banking, Specialty Banking, and Corporate Banking segments, offering a wide range of banking and financial services [3].