Fly News Breaks for August 5, 2019
Aug 5, 2019 | 07:00 EDT
As previously reported, UBS analyst Brock Vandervliet upgraded First Horizon National to Buy from Neutral and raised his price target for the shares to $19 from $15. The analyst notes that among its peers, the company offers a "sturdier" net interest margin early in the rate cut cycle along with greater willingness to cut costs. Vandervliet adds that First Horizon gets some contribution from its fixed income brokerage FTN Financial, raising his FY19 and FY20 EPS view by 15c and 14c to $1.59 and 1.65.
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