Deutsche Bank raised the firm’s price target on Nexstar (NXST) to $229 from $210 and keeps a Buy rating on the shares. The firm cites Nexstar’s pending acquisition of Tegna (TGNA) for the target increase. It assumes a two-thirds probability the deal will close, based on recent positive momentum towards deregulation in broadcast.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXST:
- These 3 “Strong Buy” Value Stocks Have over 20% Upside, 8/20/2025, According to Analysts
- Nexstar price target raised to $250 from $220 at Guggenheim
- M&A News: Nexstar (NXST) to Create Local TV Powerhouse with $6.2B Tegna Deal
- M&A News: Local TV Rivals Sinclair and Tegna Consider Historic Merger
- Nexstar Media Group’s Strategic Acquisition of TEGNA: A Catalyst for Growth and Synergies