FCC Issues Hearing Designation Order For Pending Standard General-Tegna (TGNA) Transactions (earlier)
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TENGA, Inc. (TGNA) PT Lowered to $22 at Guggenheim
February 27, 2023 5:18 PM ESTGuggenheim analyst Curry Baker lowered the price target on TENGA, Inc. (NYSE: TGNA) to $22.00 (from $24.00) while maintaining a Buy rating.
The analyst commented, "We have updated our model to reflect TGNA's 4Q22 earnings results announced this morning (link). Revenue of $917mm... More
Wells Fargo Says TEGNA (TGNA) Deal Could be Blocked by FCC
February 27, 2023 7:19 AM ESTWells Fargo Says TEGNA (NYSE: TGNA) Deal Could be Blocked by FCC
The analyst comments "The FCC's move suggests that a deal for TGNA will break. For TGNA, we apply an ~6x EV/EBITDA multiple (prior 8x) on CY23/24E EBITDA since... More
