Analysis Indicates JHML Could Reach $89
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Source: NASDAQ.COM
ETF Analysis: The John Hancock Multifactor Large Cap ETF (JHML) has an implied analyst target price of $89.16, indicating a potential upside of 12.32% from its current trading price of $79.38.
Notable Holdings: Key underlying holdings with significant upside potential include Amer Sports Inc (46.29% upside), Match Group Inc (18.80% upside), and First Horizon Corp (14.63% upside) based on their respective analyst target prices.
Market Sentiment: The disparity between current trading prices and analyst target prices raises questions about whether analysts are overly optimistic or justified in their projections for these stocks.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent company and industry developments.
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Analyst Views on FHN
Wall Street analysts forecast FHN stock price to rise
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 25.760
Low
25.00
Averages
27.33
High
30.00
Current: 25.760
Low
25.00
Averages
27.33
High
30.00
About FHN
First Horizon Corporation is a regional financial services company. The Company is a financial holding company. The Company’s principal subsidiary, and only banking subsidiary, is First Horizon Bank (the Bank). Through the Bank and other subsidiaries, it offers commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. Its segments include Commercial, Consumer & Wealth; Wholesale; and Corporate. The Commercial, Consumer & Wealth segment offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients primarily in the southern United States and other selected markets. The Wholesale segment includes mortgage warehouse lending, franchise finance, correspondent banking, and mortgage. Additionally, the Wholesale segment has a line of business focused on fixed-income securities sales, trading, underwriting, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Three Overrated Stocks We Are Skeptical Of
- F5's Weak Growth: F5 (NASDAQ:FFIV) has shown an annualized ARR growth of only 3.3% over the past year, indicating that competition is drawing attention away from its software, with estimated sales growth of just 5.8% for the next 12 months suggesting demand will slow from its two-year trend, while its operating margin has failed to increase, reflecting the company's inability to optimize expenses, currently trading at $418.73 per share with a price-to-sales ratio of 6.9x.
- Connection's Sales Weakness: Connection (NASDAQ:CNXN) has experienced a lackluster annual growth of 2.5% over the past two years, significantly below the typical business services company, with earnings growth trailing the sector average at just 6.9% annually, and the absence of free cash flow generation limits its ability to reinvest for growth, repurchase shares, or distribute capital, currently priced at $73.44 per share with a forward P/E of 18.7x.
- First Horizon's Slowing Profitability: First Horizon (NYSE:FHN) has seen a 7.3% annual growth in net interest income over the last five years, which is slower than its banking peers, and its earnings growth has lagged behind the peer group average with an EPS increase of only 5.7% annually, with an estimated tangible book value per share growth of 5.3% for the next 12 months indicating a slowdown in profitability from its two-year trend, currently trading at $25.84 per share with a forward P/B ratio of 1.4x.
- Demand for Quality Stocks: The current market is rapidly distinguishing between quality stocks and overpriced ones, with AI technology disrupting entire sectors unexpectedly, necessitating investors to focus on stocks that still hold potential amidst this rapid rotation to avoid investing in overvalued companies.
See More
First Horizon Executive Recognized as Most Innovative in Finance
- Executive Award: Mohan Sankararaman, Chief Information Officer of First Horizon, was recognized as one of the Most Innovative People in Finance at the American Banker Digital Banking Conference, highlighting the company's leadership and impact in financial services innovation.
- Industry Recognition: The award was presented by American Banker, and Sankararaman's speech at the conference further enhanced First Horizon's reputation in digital banking, attracting increased client interest.
- Company Strength: As of March 31, 2026, First Horizon reported assets of $84.1 billion, positioning itself as a leading regional financial services company dedicated to providing capital and counsel to clients and communities, showcasing strong market competitiveness.
- Employer Reputation: First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and ranked among the Top 10 Most Reputable U.S. Banks, further solidifying its standing and appeal in the industry.
See More
First Horizon Executive Recognized as Most Innovative in Finance
- Recognition of Innovative Leadership: Mohan Sankararaman, Chief Information Officer of First Horizon, was named one of American Banker's Most Innovative People in Finance at the Digital Banking Conference, highlighting his impact and commitment to innovation in financial services.
- Industry Influence: The award not only reflects Sankararaman's personal leadership but also showcases the high-caliber ideas brought forth by the First Horizon team, enhancing the company's reputation in the evolving landscape of digital banking.
- Company Background: As of March 31, 2026, First Horizon boasts $84.1 billion in assets and is a leading regional financial services company dedicated to helping clients and communities unlock their potential through a diverse range of financial services.
- Employer Reputation: First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and ranks among the Top 10 Most Reputable U.S. Banks, underscoring its strong industry image and employee satisfaction.
See More
Regional Bank M&A Activity Hits Seven-Year High
- Surge in M&A Volume: In the first half of 2026, regional bank M&A transaction volume reached $15.1 billion, marking a seven-year high and indicating strong market demand for consolidation, which could further enhance industry concentration.
- Major Bank Mergers: The mergers of PNC with FirstBank, Pinnacle with Synovus, and Fifth Third with Comerica not only expanded these banks' geographic reach but also strengthened their competitive positions in their respective markets, particularly in the Southwest and Midwest regions.
- Acquisition Motivations: Regional banks can rapidly increase their deposit bases through mergers, achieving favorable cost and growth synergies, especially for those with higher market valuations, as these transactions often lead to immediate earnings per share boosts, enhancing market appeal.
- Potential Acquisition Targets: Banks like KeyCorp and Eastern Bankshares, facing pressure from activist shareholders, may become prime merger targets, while lower-valued banks such as First Horizon, FNB Corporation, and Webster Financial could attract interest from more acquisitive regional banks.
See More
Regional Bank M&A Surge Continues
- Surge in M&A Volume: In the first half of 2026, regional banks saw M&A transaction volume reach $15.1 billion, the highest in seven years, indicating a strong trend towards consolidation that could further enhance market concentration.
- Strategic Acquisition Examples: PNC Financial Services completed its merger with FirstBank in January, significantly expanding its market presence in Western states, while Pinnacle's merger with Synovus created a new regional banking powerhouse in the Southeastern U.S., enhancing competitive strength.
- Market Valuation Impact: Fifth Third's merger with Comerica not only bolstered its position in the Midwest but also increased its exposure to Sunbelt regions like Texas and California, demonstrating how acquisitions in a high-valuation environment can boost earnings per share.
- Potential Acquisition Targets: KeyCorp and Eastern Bankshares have emerged as potential acquisition targets due to shareholder activist pressure, particularly as management faces dissatisfaction, which may lead to strategic alternatives such as mergers or sales.
See More
First Horizon Bank Appoints New Area President for Western North Carolina
- Leadership Appointment: First Horizon Bank has announced the appointment of Jason Triplett as the Area President for Western North Carolina, responsible for driving community banking and market share expansion in the region, reporting directly to Laura Bunn, Mid-Atlantic Regional President.
- Market Expansion Strategy: Triplett will focus on developing markets in cities such as Asheville, Boone, Hickory, and Lenoir, enhancing the bank's market presence by strengthening relationships with clients and the community, thereby solidifying First Horizon's position in the area.
- Community Engagement: As a long-time resident, Triplett demonstrates a strong commitment to community service, currently serving on the Board of Advisors for Appalachian State University's Department of Finance, Banking, and Insurance, and on the Board of Directors for the NC Housing Finance Agency, showcasing his dedication to local development.
- Company Background: As of March 31, 2026, First Horizon Corp. has assets totaling $84.1 billion, positioning itself as a leading regional financial services company dedicated to helping clients and communities unlock their potential through capital and counsel, recognized as one of the nation's best employers by Fortune and Forbes magazines.
See More
Three Overrated Stocks We Are Skeptical Of
- F5's Weak Growth: F5 (NASDAQ:FFIV) has shown an annualized ARR growth of only 3.3% over the past year, indicating that competition is drawing attention away from its software, with estimated sales growth of just 5.8% for the next 12 months suggesting demand will slow from its two-year trend, while its operating margin has failed to increase, reflecting the company's inability to optimize expenses, currently trading at $418.73 per share with a price-to-sales ratio of 6.9x.
- Connection's Sales Weakness: Connection (NASDAQ:CNXN) has experienced a lackluster annual growth of 2.5% over the past two years, significantly below the typical business services company, with earnings growth trailing the sector average at just 6.9% annually, and the absence of free cash flow generation limits its ability to reinvest for growth, repurchase shares, or distribute capital, currently priced at $73.44 per share with a forward P/E of 18.7x.
- First Horizon's Slowing Profitability: First Horizon (NYSE:FHN) has seen a 7.3% annual growth in net interest income over the last five years, which is slower than its banking peers, and its earnings growth has lagged behind the peer group average with an EPS increase of only 5.7% annually, with an estimated tangible book value per share growth of 5.3% for the next 12 months indicating a slowdown in profitability from its two-year trend, currently trading at $25.84 per share with a forward P/B ratio of 1.4x.
- Demand for Quality Stocks: The current market is rapidly distinguishing between quality stocks and overpriced ones, with AI technology disrupting entire sectors unexpectedly, necessitating investors to focus on stocks that still hold potential amidst this rapid rotation to avoid investing in overvalued companies.
See More
First Horizon Executive Recognized as Most Innovative in Finance
- Executive Award: Mohan Sankararaman, Chief Information Officer of First Horizon, was recognized as one of the Most Innovative People in Finance at the American Banker Digital Banking Conference, highlighting the company's leadership and impact in financial services innovation.
- Industry Recognition: The award was presented by American Banker, and Sankararaman's speech at the conference further enhanced First Horizon's reputation in digital banking, attracting increased client interest.
- Company Strength: As of March 31, 2026, First Horizon reported assets of $84.1 billion, positioning itself as a leading regional financial services company dedicated to providing capital and counsel to clients and communities, showcasing strong market competitiveness.
- Employer Reputation: First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and ranked among the Top 10 Most Reputable U.S. Banks, further solidifying its standing and appeal in the industry.
See More
First Horizon Executive Recognized as Most Innovative in Finance
- Recognition of Innovative Leadership: Mohan Sankararaman, Chief Information Officer of First Horizon, was named one of American Banker's Most Innovative People in Finance at the Digital Banking Conference, highlighting his impact and commitment to innovation in financial services.
- Industry Influence: The award not only reflects Sankararaman's personal leadership but also showcases the high-caliber ideas brought forth by the First Horizon team, enhancing the company's reputation in the evolving landscape of digital banking.
- Company Background: As of March 31, 2026, First Horizon boasts $84.1 billion in assets and is a leading regional financial services company dedicated to helping clients and communities unlock their potential through a diverse range of financial services.
- Employer Reputation: First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and ranks among the Top 10 Most Reputable U.S. Banks, underscoring its strong industry image and employee satisfaction.
See More
Regional Bank M&A Activity Hits Seven-Year High
- Surge in M&A Volume: In the first half of 2026, regional bank M&A transaction volume reached $15.1 billion, marking a seven-year high and indicating strong market demand for consolidation, which could further enhance industry concentration.
- Major Bank Mergers: The mergers of PNC with FirstBank, Pinnacle with Synovus, and Fifth Third with Comerica not only expanded these banks' geographic reach but also strengthened their competitive positions in their respective markets, particularly in the Southwest and Midwest regions.
- Acquisition Motivations: Regional banks can rapidly increase their deposit bases through mergers, achieving favorable cost and growth synergies, especially for those with higher market valuations, as these transactions often lead to immediate earnings per share boosts, enhancing market appeal.
- Potential Acquisition Targets: Banks like KeyCorp and Eastern Bankshares, facing pressure from activist shareholders, may become prime merger targets, while lower-valued banks such as First Horizon, FNB Corporation, and Webster Financial could attract interest from more acquisitive regional banks.
See More
Regional Bank M&A Surge Continues
- Surge in M&A Volume: In the first half of 2026, regional banks saw M&A transaction volume reach $15.1 billion, the highest in seven years, indicating a strong trend towards consolidation that could further enhance market concentration.
- Strategic Acquisition Examples: PNC Financial Services completed its merger with FirstBank in January, significantly expanding its market presence in Western states, while Pinnacle's merger with Synovus created a new regional banking powerhouse in the Southeastern U.S., enhancing competitive strength.
- Market Valuation Impact: Fifth Third's merger with Comerica not only bolstered its position in the Midwest but also increased its exposure to Sunbelt regions like Texas and California, demonstrating how acquisitions in a high-valuation environment can boost earnings per share.
- Potential Acquisition Targets: KeyCorp and Eastern Bankshares have emerged as potential acquisition targets due to shareholder activist pressure, particularly as management faces dissatisfaction, which may lead to strategic alternatives such as mergers or sales.
See More
First Horizon Bank Appoints New Area President for Western North Carolina
- Leadership Appointment: First Horizon Bank has announced the appointment of Jason Triplett as the Area President for Western North Carolina, responsible for driving community banking and market share expansion in the region, reporting directly to Laura Bunn, Mid-Atlantic Regional President.
- Market Expansion Strategy: Triplett will focus on developing markets in cities such as Asheville, Boone, Hickory, and Lenoir, enhancing the bank's market presence by strengthening relationships with clients and the community, thereby solidifying First Horizon's position in the area.
- Community Engagement: As a long-time resident, Triplett demonstrates a strong commitment to community service, currently serving on the Board of Advisors for Appalachian State University's Department of Finance, Banking, and Insurance, and on the Board of Directors for the NC Housing Finance Agency, showcasing his dedication to local development.
- Company Background: As of March 31, 2026, First Horizon Corp. has assets totaling $84.1 billion, positioning itself as a leading regional financial services company dedicated to helping clients and communities unlock their potential through capital and counsel, recognized as one of the nation's best employers by Fortune and Forbes magazines.
See More
