- Barrington analyst James Goss has downgraded Tegna Inc TGNA to Market Perform from Outperform without a price target.
- Goss said reported takeover offers of $22 and $23 per share present fair value for the company.
- While there is the potential for a bidding war to push the price higher, "this would be speculative as a play for additional upside," Goss noted.
- Price Action: TGNA shares traded lower by 0.37% at $21.70 on the last check Wednesday.
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