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UPDATE: Jefferies Raises PT on First Horizon National on Adjusted '13 EPS Estimate

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First Horizon National Reports In Line Q1 EPS, Revenue Tops Expectations
5 Stocks To Watch For April 15, 2016

In a report published Monday, Jefferies analyst Emlen Harmon reiterated a Hold rating on First Horizon National (NYSE: FHN), and raised the price target from $11.00 to $12.00.

In the report, Jefferies noted, “We adjust our '13 EPS est. to $0.74 (from $0.79) and '14 to $0.88 (from $0.91). A higher starting point for share count and a weaker fee outlook are the primary drags, partially offset by faster recognition of expense saves and a higher starting point for NIM.”

First Horizon National closed on Friday at $12.10.

Latest Ratings for FHN

DateFirmActionFromTo
Apr 2016BarclaysMaintainsEqualweight
Jan 2016Deutsche BankMaintainsHold
Jan 2016BarclaysMaintainsEqual-weight

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Posted-In: Emlen Harmon JefferiesAnalyst Color Price Target Analyst Ratings

 

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