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Fly News Breaks for August 30, 2019
TRCO, NXST
Aug 30, 2019 | 09:30 EDT
Stephens analyst Kyle Evans believes Nexstar Media Group (NXST) shares are set to move higher with the AT&T (T) blackout now ended. Further, a close on the company's proposed acquisition of Tribune Media (TRCO) is likely in the coming weeks and excitement is growing around a strong 2020 political advertising cycle, Evans tells investors in a research note. He maintains an Overweight rating on Nexstar shares with a $150 price target.
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