RBC Capital analyst Leo Kulp kept his Outperform rating and $90 price target on Nexstar (NXST), saying yesterday's reports of a potential interest in the company from Apollo Global (APO) reinforces the positive view among investors regarding its free cash flow prospects. The analyst adds that he has previously made the case for the company's free cash flow being "much more durable" than believed. Kulp also estimates that a private equity buyer could pay over $95 per share for Nexstar.
Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here