TMCnet News
Downgrade Alert for First Horizon National (FHN)Jun 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- First Horizon National (NYSE:FHN) was downgraded from Market Perform to Underperform at Wells Fargo today. The stock closed yesterday at $10.94 on volume of 7.0 million shares, above average daily volume of 2.5 million. Based on a current price of $10.94, First Horizon National is currently 2.6% above its average consensus analyst price target of $10.66. First Horizon National shares have support at the 50-day moving average (MA) of $10.83 and additional support at the 200-day MA of $10.19. First Horizon National Corporation, through its subsidiaries, provides a range of financial services. The Company offers a variety of commercial banking services and also conducts mortgage banking, capital markets, and transaction processing. In the past 52 weeks, First Horizon National share prices have been bracketed by a low of $7.71 and a high of $11.81 and closed yesterday at $10.94, 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%. SmarTrend is tracking the current trend status for First Horizon National and will alert subscribers who have FHN in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |