UPDATE: Morgan Stanley Downgrades First Horizon National to Equal-Weight on Lack of Catalysts

In a report published Thursday, Morgan Stanley analyst Ken Zerbe downgraded the rating on First Horizon National Corporation (NYSE: FHN ) from Overweight to Equal-Weight, but reiterated the $11.00 price target. In the report, Morgan Stanley noted, “The FHN shares have outperformed the midcap bank group by over 14 percentage