Nexstar Broadcasting (NXST) Misses Q3 EPS by 7c

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Go back to Nexstar Broadcasting (NXST) Misses Q3 EPS by 7c

Wedbush Raises Price Target on Nexstar Broadcasting (NXST) to $66

November 9, 2016 7:20 AM EST

Wedbush reiterated an Outperform rating on Nexstar Broadcasting Group (NASDAQ: NXST), and raised the price target to $66.00 (from $65.00), following the company's 3Q earnings report. NXST reaffirmed guidance for stand-alone avgerage FCF/share of $8.15 and for post-merger entity avgerage FCF/share of ~$12.00.

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