Wells Fargo analyst Steven Cahall downgraded Tegna (TGNA) to Equal Weight from Overweight with an unchanged price target of $22. The firm cites the pending Nexstar (NXST) for the downgrade. Wells views the acquisition of Tegna as having a high probability of close in the first half of 2026.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGNA: