Morgan Stanley on First Horizon: ‘Remarkable progress’
By Geert De Lombaerde Posted on February 3, 2009 at 2:03 pmFrom today’s Bloomberg Radio wrap: Morgan Stanley has raised its rating on the parent of First Tennessee Bank (Ticker: FHN) to ‘overweight’ from ‘equal weight.’ In a note, it said the company has “shown remarkable progress in addressing its problem credits by shrinking its balance sheet and building reserves.”
Tags: analyst actions, credit, First Horizon National Corp., First Tennessee Bank, Morgan Stanley
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