Hovde Group Upgrades First Horizon (NYSE:FHN) to Hold

Hovde Group has upgraded First Horizon (NYSE:FHN) to a "Hold" rating, aligning with the current analyst consensus. The financial services provider recently exceeded quarterly expectations, reporting $0.54 EPS against a $0.52 consensus and $887 million in revenue compared to an expected $878.42 million. Despite a recent insider stock sale, institutional investors have been steadily increasing their holdings in the company.