Oct. 16 at 10:30 AM
Raymond James still says Outperform on
$FHN, but the stock still got hit Why? 👇
Investors thought FHN was likely to be bought by another bank. But on the investor call, management hinted they might be a buyer of smaller banks instead.
This shift in tone caused the sell-off. The analyst thinks the stock might be stuck for a bit now, but the long-term outlook is still positive due to lower rates and loan growth.