Raymond James Rates First Horizon (FHN) buy, $28 Price Target

Raymond James reaffirms its 'Buy' rating on First Horizon with a target price of $28, a 9.20% upside from the current price.

By EarningsIQ Research Desk · Published Jul 1, 2026, 12:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Raymond James rated First Horizon Corporation ($FHN) "buy" with a $28 price target on July 1, 2026.

Since the rating, $FHN is down 3.0% after 1 week, down 1.6% after 1 month and down 11.6% to date (from the $25.87 close on Jul 1, 2026).

FHN First Horizon Corporation

$22.88 -3.13% year to date

Daily close · Oct 16, 2026

Key Points

Raymond James analyst Daniel Tamayo reiterated a 'Buy' rating on First Horizon Corporation (NYSE: FHN) with a target price of $28 on July 1, 2026.
Raymond James's $28 price target implies 9.20% upside from First Horizon Corporation's ($FHN) current $25.64 share price.
First Horizon's stock traded at $25.64 on Wednesday, with a market cap of approximately $12.17 billion and a P/E ratio of 12.88.
Recent insider activity shows top executives selling shares in May, while analysts maintain varied ratings with a consensus 'Buy'.

Get $FHN trade alerts by text

We text you when insiders, Congress or big funds trade $FHN. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated First Horizon Corporation alert may contain errors. Disclosures

Raymond James has reiterated its 'Buy' rating on First Horizon Corporation (NYSE: FHN), setting a target price of $28. This update from analyst Daniel Tamayo was released on July 1, 2026, as the stock traded around $25.64 on Wednesday.

Analyst rating track record

Raymond James vs. the S&P 500

YTD return +92.95% hypothetical

All-time return +47.49% S&P 500 +50.92%

vs. S&P 500 -3.43% behind the index

Hypothetical returns from Raymond James's disclosed trades, not real profit or advice. How we model this.

First Horizon Corporation Stock Up 7.1%

Shares of NYSE:FHN traded near $25.64 on Wednesday. First Horizon Corporation, with a market cap of about $12.17 billion, has a P/E ratio of 12.88 and a forward P/E of 10.89. The stock has seen a 52-week low of $19.80 and a high of $26.56. It also maintains a 50-day moving average of $24.49 and a 200-day moving average of $23.45.

12-month forecast

$FHN price target

First Horizon Corporation daily closes and this analyst's $28 target. Not advice.

Recent Earnings

First Horizon reported revenue of approximately $3.43 billion, with a revenue growth rate of 9.7%. The company achieved a net margin of about 29.9% and a return on equity of 11.3%. The next earnings report is scheduled for July 15, 2026.

Dividend

First Horizon offers an annual dividend rate of $0.68, yielding 2.65% with a payout ratio of 31.16%.

Insider Buying and Selling at First Horizon Corporation

On May 12, 2026, several top executives at First Horizon sold shares at an average price of $23.90. Chairman and CEO Bryan Jordan sold 46,272 shares, while other executives like Senior EVP and CFO Hope Dmuchowski and SEVP & Chief Human Resource Officer Tanya Hart also sold significant amounts.

Analysts Set New Price Targets

On July 1, 2026, Raymond James maintained its 'Buy' rating on First Horizon with a target price of $28. JP Morgan also maintained a 'Hold' rating with a target of $28.5. The consensus among 19 analysts is a 'Buy', with an average target price of $27.03.

About First Horizon Corporation

First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee. It operates through various segments, including Regional Banking and Specialty Banking, offering services like commercial and consumer banking, wealth management, and mortgage origination. The company, led by CEO D. Bryan Jordan, employs around 7,400 people.

Bottom Line

Raymond James's reiteration of a 'Buy' rating for First Horizon Corporation reflects continued confidence in the company's prospects. Investors keep a close eye on such analyst updates as they assess the stock's potential. It is important to remember that these ratings are based on data available at the time and may not reflect current conditions.