Tegna +1.6% as Wells Fargo rates Outperform on upside

|By:, SA News Editor

Tegna (NYSE:TGNA) is up 1.6% after an upgrade to Outperform at Wells Fargo.

Analyst Marci Ryvicker boosted the price target on the company to $19 from $14, implying 32% upside from today's price.

Between the broadcast group's exposure to upcoming Super Bowl and Olympics on NBC and a political spending uptick expected for some contentious midterm elections this fall, she sees heavy potential upside.

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