Fly News Breaks for January 17, 2020
Jan 17, 2020 | 07:23 EDT
Argus analyst Joe Bonner raised his price target on Tegna to $21 and kept his Buy rating, saying the activist interest in the company from Standard General should be a positive for the stock. The analyst believes that the involvement could make the stock an acquisition target amid the ongoing local television broadcast industry consolidation following the elimination of the FCC's local station ownership rules.
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