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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGNA: