Nexstar Broadcasting (NXST) Completes Acquisition of Media General (MEG)

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Wedbush Remains Bullish on Nexstar Broadcasting (NXST) - PT to $75

January 18, 2017 7:38 AM EST

Wedbush reiterated an Outperform rating on Nexstar Broadcasting Group (NASDAQ: NXST), and raised the price target to $75.00 (from $66.00), after the company adjusted it's guidance. NXST raised its FCF guidance Tuesday to a 2016/17 pro forma average of $565m from $540m. This is in line with $568m... More