First Horizon Corporation (NYSE:FHN) is receiving mixed reviews from analysts as price targets for its stock rise. Following a recent evaluation, Truist Securities analyst John McDonald maintained a Hold rating on the company but increased the price target to $26 from $24. This adjustment reflects improved fundamentals and management insights, although McDonald continues to adopt a cautious outlook.
Analyst actions in recent days have created a supportive yet varied landscape for First Horizon. On December 17, 2025, Keefe, Bruyette & Woods reaffirmed a Market Perform rating, raising its price target to $24 from $23, citing consistent execution. Just a day earlier, J.P. Morgan reiterated a Neutral/Hold rating while elevating its target to $27 from $23, emphasizing the bank’s resilience in earnings. Additionally, Deutsche Bank initiated coverage with a Buy rating and set a target of $28, highlighting the bank’s appealing valuation and operational performance.
Operational Highlights and Strategic Moves
Operationally, First Horizon’s stock reached a one-year high in mid-December 2025. This surge has been positively influenced by the increased analyst targets and a favorable reception to the bank’s capital return initiatives. The board recently authorized a $1.2 billion stock repurchase program, which represents approximately 11.3% of outstanding shares. This move signals strong confidence in the bank’s balance sheet and overall valuation.
In addition to repurchase strategies, First Horizon declared a quarterly dividend of $0.15, which will be payable in early January 2026. This dividend supports an attractive yield for income-focused investors, enhancing the stock’s appeal.
First Horizon Corporation, based in Memphis, Tennessee, is a regional bank holding company founded in 1864. Through its subsidiary, First Horizon Bank, it offers a diverse range of services including commercial, consumer, and specialty banking, as well as wealth management across 12 Southern states. The bank serves both individual and institutional clients, positioning itself as a key player in the regional banking sector.
As investors weigh their options, the mixed analyst outlook on First Horizon Corporation underscores the complexities of the current market environment. While some analysts express caution, the company’s strategic initiatives and financial health could provide a solid foundation for future growth.
