We recently compiled a list of the 10 Cheap Stocks With Strong Buy Ratings on Wall Street. First Horizon Corporation is one of the cheap stocks to buy.
TheFly reported on December 18 that Truist Securities analyst John McDonald maintained a Hold rating on FHN and raised the price target to $26 from $24, reflecting improved fundamentals and management commentary while retaining a cautious stance. The updated target continues to factor in favorable capital return initiatives and better visibility on net interest income and fee income growth.
Other recent analyst actions reinforce a mixed but constructive backdrop. On December 17, 2025, Keefe, Bruyette & Woods (KBW) maintained a Market Perform rating and lifted its price target to $24 from $23, reflecting steady execution. On December 16, 2025, J.P. Morgan reiterated a Neutral/Hold rating while raising its target to $27 from $23, highlighting resilience in earnings power. Additionally, Deutsche Bank initiated coverage with a Buy rating and a $28 price target, noting First Horizon’s attractive valuation and execution.
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Operationally, First Horizon Corporation (NYSE:FHN)’s stock reached a one‑year high in mid‑December 2025 following analyst target increases and positive reception to capital return strategies, including the board’s authorization of a $1.2 billion stock repurchase program, equivalent to up to ~11.3% of outstanding shares, signaling confidence in the balance sheet and valuation. The bank also declared a $0.15 quarterly dividend, payable in early January 2026, supporting an attractive yield for income‑oriented investors.
First Horizon Corporation (NYSE:FHN) is a U.S. regional bank holding company based in Memphis, Tennessee, founded in 1864. Through First Horizon Bank, it provides commercial, consumer, and specialty banking, wealth management, and financial services across 12 Southern states, serving both individual and institutional clients.
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