Wall Street Stock Recommendations: First Horizon National Corporation (FHN), Marvell Technology Group Ltd. (MRVL)

First Horizon National Corporation (NYSE:FHN) was more active in the last trading session as around 5.86 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 3.13 million shares. A 4.09% change after the initial price of $19.22, sent the closing price to $19.84.

First Horizon National Corporation (FHN) Analyst Opinion

First Horizon National Corporation has a consensus outperform rating from 17 Wall Street analysts, and the number of shares currently sold short amount to at least 7.89% of shares outstanding. The stock spiked 5.31% last month and is down -0.85 this year. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover FHN having a buy-equivalent rating. Analysts have placed a $20.89 price target on First Horizon National Corporation, suggesting a 5.29% gain from recent close. It’s currently trading about -4.8% below its 52-week high.

First Horizon National Corporation Earnings Surprise

First Horizon National Corporation (FHN) surprised the stock market in its last reported earnings when it earned $0.32 a piece versus the consensus-estimated $0.3. Its revenue totaled $339.76 million up 3.47% from the previous quarter.

First Horizon National Corporation (NYSE:FHN) Intraday View

This stock (FHN) is ahead of its 52-week low with 25.25%. Its last month’s stock price volatility remained 2.05% which for the week stands at 1.9%. The share price has moved forward from its 20 days moving average, trading at a distance of 7.34% and stays 5.94% away from its 50 days moving average. Over the last five days, shares have managed 6.67% gains and now is up 9.12% since hitting its 200-day moving average of $17.86. First Horizon National Corporation (FHN) has made its way to a 12-month gain of 5.98%.

Turning to Marvell Technology Group Ltd. (NASDAQ:MRVL), its shares were trading at $22.21 a retreat of $-1.06, on the trading floor. The stock, after opening at $23.53, touched a high of $23.86 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. Marvell Technology Group Ltd. has 6 buy ratings, 7 holds and 0 sells even after the stock tumbled -8.3% from its high of $24.22 to a $11.03 billion market value through last close.

Marvell Technology Group Ltd. (MRVL) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.46 to 2.05 during a month. Analysts set a 12-month price target of $24.14 a share. The target implies a 8.69% spike from where the shares are currently trading. Also, the current price highlights a discount of 53.08% to analysts’ high consensus price target.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Intraday Trading

The counter witnessed a trading volume of 19.87 million shares versus an average volume of 7.74 million shares during last trading session. Its last month’s stock price volatility remained 3.69% which for the week approaches 2.8%. The lowest price the stock reached in the last trading day was $22.02 and compares with the $13.59 52-week low. The stock recovered 63.43% since its low point and has performed 60.13% year-to-date.

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