Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.27 Billion

Go back to Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.27 Billion

Nexstar Media downgraded at Wells Fargo on potential cut to FCF guidance in 2023

November 9, 2022 2:17 PM EST

Nexstar Media (NASDAQ: NXST) was downgraded to Equal Weight from Overweight, with the price target cut to $175 from $227 at Wells Fargo on Wednesday.

Wells Fargo analyst Steven Cahall told investors in a note that they believe early 2023 will bring a cut to FCF guidance driven by... More