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Benzinga
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These Analysts Slash Their Forecasts On First Horizon After Q3 Earnings

1. FHN reported Q3 earnings of 51 cents, exceeding estimates. 2. Quarterly sales reached $889 million, surpassing analyst expectations. 3. Analysts adjusted price targets downward post-earnings. 4. Shares gained 0.4% to $20.92 following the report. 5. Chairman emphasizes diversified model amid market changes.

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FAQ

Why Neutral?

Despite strong earnings, analysts reduced price targets, indicating cautious outlook.

How important is it?

Positive earnings but lowered forecasts suggest mixed sentiment; monitors future performance.

Why Short Term?

Immediate investor reactions to earnings suggest potential short-term volatility.

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