Tegna price target lowered to $17 from $19 at Wells Fargo

Wells Fargo lowered the firm’s price target on Tegna to $17 from $19 and keeps an Equal Weight rating on the shares after its Q3 results. The national core trends are improving driven by Auto, but Premion has a tougher Q4 impact from a sunsetting national account, which will drag the company’s Q4 Advertising and Marketing Services growth by about 4% points, the analyst tells investors in a research note.