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Tegna price target raised to $22 from $20 at Guggenheim

Guggenheim raised the firm’s price target on Tegna (TGNA) to $22 from $20 and keeps a Buy rating on the shares after having updated the firm’s model for the company’s Q1 earnings and new guidance. The firm now models FY25 EBITDA of $591M, up from $545M previously, primarily on higher revenue estimates.

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