First Horizon National Corporation (FHN) : Analyst Rating Update

First Horizon National Corporation (FHN) : Zacks Investment Research ranks First Horizon National Corporation (FHN) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.82, which indicates as a Hold.

First Horizon National Corporation (FHN) : Currently there are 9 street experts covering First Horizon National Corporation (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.

First Horizon National Corporation (NYSE:FHN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.97 and $12.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.28, notching a gain of 1.14% for the day. The total traded volume was 2,130,887 . The stock had closed at $13.13 on the previous day.

The company shares have dropped -13.96% 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 $13.92 and the 200 Day Moving Average price is recorded at $13.39.

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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