Analyst Patrick Sholl of Barrington reiterated a Buy rating on Nexstar Media Group (NXST – Research Report), retaining the price target of $200.00.
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Patrick Sholl has given his Buy rating due to a combination of factors that highlight Nexstar Media Group’s financial stability and strategic positioning. The company’s diversified revenue mix, particularly its reliance on retransmission fees, provides a buffer against economic fluctuations, with significant renewals expected to bolster profits in 2026. Additionally, despite a challenging advertising environment, Nexstar has shown resilience through improved ratings in sports broadcasts and a disciplined approach to ad spending.
Moreover, Nexstar’s stable balance sheet, characterized by a manageable net leverage ratio and substantial capital returns to shareholders, underscores its financial health. The company’s guidance suggests an optimistic outlook for EBITDA growth, supported by strategic investments and cost management. With a reaffirmed OUTPERFORM rating and a $200 price target, Sholl emphasizes Nexstar’s potential for value creation through dividends, share repurchases, and strategic acquisitions, all contributing to an attractive investment proposition.
In another report released on May 9, Benchmark Co. also maintained a Buy rating on the stock with a $220.00 price target.