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Fly News Breaks for February 5, 2016
NXST
Feb 5, 2016 | 07:59 EDT
Stephens analyst Kyle Evans believes Nexstar's just announced distribution deal with Cox Communications is a clear positive for Nexstar and "a timely reminder" that retransmission revenue is a high-margin growth driver for Nexstar and for the industry. The analyst, who sees recent weakness in Nexstar shares as a buying opportunity, keeps an Overweight rating and $60 price target on the stock.
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