Tegna price target lowered to $20 from $21 at Benchmark

Benchmark analyst Daniel Kurnos lowered the firm’s price target on Tegna (TGNA) to $20 from $21 and keeps a Buy rating on the shares. Ahead of “what feels like another potentially tepid print,” advertising headaches seem likely to persist and the firm “felt we needed to nudge down our 2025 and 2026 forecast” on a combination of a tougher national environment and less optimism around Premion despite strong cost cutting efforts by the team, the analyst tells investors in a preview.