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Fly News Breaks for September 28, 2016
MEG, NXST
Sep 28, 2016 | 09:20 EDT
Stephens analyst Kyle Evans believes Nexstar (NXST) continues to move closer to closing on the Media General (MEG) deal after it announced pricing for the remaining debt required to finance the acquisition. Additionally, Nexstar raised free cash flow guidance as pricing on the term loan was better than expected when prior guidance was given. The analyst reiterates an Overweight rating and $65 price target on Nexstar's shares.
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