Jim Cramer Talked About These 16 Stocks Recently

8. First Horizon Corporation (NYSE:FHN)

Number of Hedge Fund Holders: 41

A caller asked about First Horizon Corporation (NYSE:FHN) and noted that its merger with TD Bank was terminated in 2023. Cramer replied:

“I like First Horizon very, very much. I like it very much. I think it should be bought. It’s a terrific situation, and I’m still thinking that what the heck happened to that deal? Because man, whoever buys that franchise is going to do incredibly well. That is a nice growth franchise.”

First Horizon (NYSE:FHN) provides a broad range of financial services, including commercial, consumer, and wealth management banking, alongside specialized lending and treasury solutions. The company also offers corporate banking, transaction processing, credit products, and investment services.

On May 20, Jefferies initiated coverage of First Horizon (NYSE:FHN) with a Buy rating and set a price target of $25. The firm began covering 32 regional and mid-cap banks, describing the outlook as positive. According to the firm, despite uncertainty around tariffs, factors like a potential recovery in loan growth if the U.S. avoids recession, wider net interest margins due to a steeper yield curve, strong credit metrics, surplus capital for strategic moves, and appealing valuations could benefit banks.