Citi Raises First Horizon Price Target to $28.50, Signaling 19% Upside
Citi analyst Ben Gerlinger reiterated a Buy rating on First Horizon Corporation, raising the price target from $28 to $28.50, implying a near 19% upside based on improved regional bank profitability under a normalized yield curve. Earlier, DA Davidson boosted its target from $25 to $27, projecting 3–7% revenue growth.
1. Citi Reiterates Buy Rating
On February 24, Citi analyst Ben Gerlinger reiterated a Buy rating on First Horizon, raising the price target from $28 to $28.50. He cited solid profitability projections for regional banks under a normalized yield curve that supports nearly 19% upside potential.
2. DA Davidson Boosts Price Target
On January 16, DA Davidson’s Peter Winter lifted his price target from $25 to $27 while keeping a Neutral stance. He forecasts mid-single-digit loan growth, 3–7% revenue growth, stable expenses, and EPS of $2.05 for fiscal 2026 based on the bank’s recent performance momentum.