Jefferies has lowered its price target for First Horizon's stock to $25, reflecting concerns about the company's stance on mergers and acquisitions. This adjustment indicates a cautious outlook on First Horizon's future performance, which could impact investor confidence and market perception. Understanding these shifts is crucial for stakeholders as they navigate the complexities of the financial landscape.

First Horizon's stock has taken a hit following Raymond James' decision to lower its price target, which was influenced by comments regarding mergers and acquisitions. This development is significant as it reflects the market's cautious stance on potential M&A activities, which can impact investor confidence and the overall financial landscape.