Nexstar price target raised to $270 from $250 at Deutsche Bank

Deutsche Bank analyst Benjamin Soff raised the firm’s price target on Nexstar (NXST) to $270 from $250 and keeps a Buy rating on the shares. The firm, which updated estimates following the closing of Nexstar’s acquisition of Tegna last week, continues to believe the merger is “highly strategic” and should create significant value for shareholders, the analyst tells investors.