First Horizon Corp. Receives Outperform Rating from KBW amid Expectation of Extended High-Rate Climate
Friday, 5 April 2024, 15:41
First Horizon Corp. Upgraded to Outperform by KBW
First Horizon Corp. (FHN) has been upgraded by KBW analyst due to its asset-sensitive balance sheet and potential for higher net interest income in a rising interest rate environment.
Key Points:
- KBW analysts upgrade FHN to 'Outperform' rating
- Strength of asset-sensitive balance sheet highlighted
- Potential for increased net interest income identified
This upgrade positions First Horizon favorably for success in the current economic climate, emphasizing the company's readiness to navigate higher interest rates with resilience and strategic advantage.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.