Nexstar price target lowered to $200 from $215 at Benchmark

Benchmark lowered the firm’s price target on Nexstar (NXST) to $200 from $215 and keeps a Buy rating on the shares, arguing that the company “may find itself in a curious position” when it reports Q4 results this Thursday. There has been a lot of positive talk about Nexstar being in pole position to capitalize on whatever happens from a regulatory change perspective, though “it would be interesting to see” if there was increased competition for assets if private equity or “someone with deep pockets” were to end up acquiring Tegna (TGNA), the analyst tells investors in a preview. The firm would like to see “an expectation reset, or at least a level-setting, before more confidently recommending investors take a hard look,” the analyst added.