Analysts Offer Insights on Financial Companies: First Horizon (FHN), Unum Group (UNM) and Moelis (MC)

Analysts have been eager to weigh in on the Financial sector with new ratings on First Horizon (FHN – Research Report), Unum Group (UNM – Research Report) and Moelis (MC – Research Report).

First Horizon (FHN)

First Horizon received a Buy rating and a $14.00 price target from Wedbush analyst David Chiaverini today. The company’s shares closed last Thursday at $11.43, close to its 52-week low of $8.99.

According to TipRanks.com, Chiaverini is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.6% and a 32.3% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, First Citizens BancShares, and Texas Capital Bancshares.

First Horizon has an analyst consensus of Moderate Buy, with a price target consensus of $12.81.

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Unum Group (UNM)

In a report released today, Michael Ward CFA from Citi reiterated a Buy rating on Unum Group, with a price target of $58.00. The company’s shares closed last Thursday at $42.70.

According to TipRanks.com, CFA is a 2-star analyst with an average return of -0.9% and a 46.5% success rate. CFA covers the Financial sector, focusing on stocks such as Corebridge Financial, Inc., Marsh & Mclennan Companies, and Arthur J Gallagher & Co.

Unum Group has an analyst consensus of Moderate Buy, with a price target consensus of $56.50, a 31.7% upside from current levels. In a report issued on October 31, Wells Fargo also maintained a Buy rating on the stock with a $63.00 price target.

Moelis (MC)

In a report released today, Ryan Kenny from Morgan Stanley maintained a Sell rating on Moelis, with a price target of $38.00. The company’s shares closed last Thursday at $43.77.

According to TipRanks.com, Kenny is a 1-star analyst with an average return of -4.8% and a 45.8% success rate. Kenny covers the Financial sector, focusing on stocks such as Evercore Partners, Houlihan Lokey, and Jefferies.

Currently, the analyst consensus on Moelis is a Moderate Sell with an average price target of $38.67.

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Read More on FHN:

• First Horizon Declares Cash Dividends on Common and Preferred Stock
• First Horizon Corporation Reports Third Quarter 2023 Net Income Available to Common Shareholders of $129 Million, or EPS of $0.23; $150 Million, or $0.27, on an Adjusted Basis*
• First Horizon reports Q3 adjusted EPS 27c, consensus 24c
• Notable companies reporting before tomorrow’s open
• First Horizon National (FHN) Q3 Earnings Cheat Sheet