Guggenheim raised the firm’s price target on Nexstar (NXST) to $250 from $220 and keeps a Buy rating on the shares citing the accretive Tegna (TGNA) transaction announced yesterday. Based on Nexstar’s transaction parameters and the firm’s current core outlook for combined free cash flow, it forecasts pro forma Nexstar 2026/27 free cash flow of greater than $49 per share, the analyst tells investors.
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