Nexstar price target lowered to $215 from $225 at Benchmark

Benchmark lowered the firm’s price target on Nexstar (NXST) to $215 from $225 and keeps a Buy rating on the shares. Even though shares have rebounded a bit, the firm still feels like the risk/reward is “distinctly skewed to the upside, with a lot more downside protection in the event that none of the proposed regulatory changes come to pass,” the analyst tells investors. However, the firm is tweaking down its forecast and price target to be “slightly below the street,” the analyst added.