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Fly News Breaks for November 19, 2019
NXST
Nov 19, 2019 | 06:47 EDT
Stephens analyst Kyle Evans said Nexstar posted "messy numbers" in Q3, which he attributes to the Tribune acquisition and "a lack of good pro forma numbers," but he still sees it as a "Best Idea" given its scale, retrans renewal cycle, declining leverage, easier digital comps and the political cycle. The analyst, who is expecting a strong 2020, keeps an Overweight rating and $150 price target on Nexstar shares.
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