Wells Fargo Maintains Equal-Weight Rating for First Horizon: Here's What You Need To Know

Wells Fargo has decided to maintain its Equal-Weight rating of First Horizon FHN and raise its price target from $11.50 to $14.00.

Shares of First Horizon are trading up 0.66% over the last 24 hours, at $13.67 per share.

A move to $14.00 would account for a 2.42% increase from the current share price.

About First Horizon

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.