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Analysts Offer Insights on Financial Companies: Royal Bank Of Canada (RY) and First Horizon (FHN)

Tipranks - Tipranks - Tue Jul 21, 2:14AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Royal Bank Of Canada (RY) and First Horizon (FHN).

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Royal Bank Of Canada (RY)

In a report issued on July 16, Matthew Lee from Canaccord Genuity maintained a Buy rating on Royal Bank Of Canada. The company’s shares closed last Friday at $215.43.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 24.3% and a 70.5% success rate. Lee covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank. ;'>

Currently, the analyst consensus on Royal Bank Of Canada is a Moderate Buy with an average price target of $197.66, which is a -8.0% downside from current levels. In a report issued on July 1, TipRanks – OpenAI also upgraded the stock to Buy with a C$325.00 price target.

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First Horizon (FHN)

In a report issued on July 16, Janet Lee from TD Cowen maintained a Hold rating on First Horizon, with a price target of $27.00. The company’s shares closed last Friday at $25.80.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 13.9% and a 85.1% success rate. Lee covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Pinnacle Financial Partners, and Atlantic Union Bankshares. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Horizon with a $28.25 average price target, representing a 12.1% upside. In a report issued on July 6, Evercore ISI also maintained a Hold rating on the stock with a $27.00 price target.

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