Barrington Downgrades Tegna To Market Perform - Read Why

  • 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.
Loading...
Loading...
TGNA Logo
TGNATegna Inc
$16.72-1.01%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
60.13
Growth
76.43
Quality
68.34
Value
44.70
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Comments
Loading...