Barrington Downgrades Tegna To Market Perform - Read Why

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  • 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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Posted In: Analyst ColorNewsDowngradesAnalyst RatingsTechBriefs
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