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Fly News Breaks for August 12, 2019
NXST, SSP
Aug 12, 2019 | 07:48 EDT
Guggenheim analyst Curry Baker lowered his price target on E.W. Scripps (SSP) shares to $14 from $22 after the company reported Q2 results and reiterated expectations that the Nexstar (NXST) divestitures remain on track to close in Q3. After the divestitures, he expects Scripps to focus on delevering, said Baker. The analyst, who sees a "major repricing cycle" coming, keeps a Neutral rating on E.W. Scripps shares.
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