Price Target Update on First Horizon National Corporation (NYSE:FHN)

First Horizon National Corporation (NYSE:FHN) : Currently there are 9 street experts covering First Horizon National Corporation (NYSE:FHN) stock. The most bullish and bearish price target for the stock is $16 and $12 respectively for the short term. The average price target of all the analysts comes to $14.5. The estimated standard deviation from the target is $1.2.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on First Horizon National Corporation (NYSE:FHN). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $14.5 per share to $13.5 per share. The rating by the firm was issued on January 26, 2016.

First Horizon National Corporation (NYSE:FHN): stock turned positive on Thursday. Though the stock opened at $13.86, the bulls momentum made the stock top out at $14.12 level for the day. The stock recorded a low of $13.85 and closed the trading day at $14.1, in the green by 3.52%. The total traded volume for the day was 2,622,754. The stock had closed at $13.62 in the previous days trading.

The company shares have dropped -13.74% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $16.35 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.99 and the 200 Day Moving Average price is recorded at $13.47. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of First Horizon National Corp, Martin R Brad had purchased shares worth of $13,922 in a transaction dated on June 10, 2016. A total of 533 shares were purchased at a price of $26.12 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). FHN operates through four segments: regional banking, capital markets, corporate and non-strategic. As of December 31, 2014, FHNs subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31, 2014, the Bank had 182 branch locations in seven states: 168 branches in Tennessee; 2 branches in northwestern Georgia; 7 branches in northwestern Mississippi; 2 branches in North Carolina, and one branch each in Virginia, South Carolina, and Florida. At December 31, 2014, FTN Financial products and services were offered through 27 offices in total, including 26 offices in 16 states across the United States plus an office in Hong Kong.

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