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TGNA

Tegna

$13.81

-0.32 (-2.26%)

, NXST

Nexstar

$105.30

-3.325 (-3.06%)

08:16
03/25/19
03/25
08:16
03/25/19
08:16

Tegna upgraded to Outperform on accretive acquisitions at Evercore ISI

As previously reported, Evercore ISI upgraded Tegna (TGNA) to Outperform from In Line with a $18 price target, up from $16. Analyst David Joyce believes the market is misinterpreting the price Tegna is paying for station acquisitions in the "impressive" Nextar Media (NXST) required station sale announced last week. Tegna is paying only 6.7x EBITDA after re-transmission rate resets, other synergies, and tax benefits, making it approximately 11% accretive, the analyst wrote in a note to investors. Joyce said Tegna can immediately step-up retransmission fee rates to their levels and Tribune Media (TRCO) stations it is acquiring and will benefit from accretion and diversify to the portfolio.

TGNA

Tegna

$13.81

-0.32 (-2.26%)

NXST

Nexstar

$105.30

-3.325 (-3.06%)

TRCO

Tribune Media

$46.05

-0.04 (-0.09%)

  • 25

    Apr

  • 25

    Apr

TGNA Tegna
$13.81

-0.32 (-2.26%)

07/31/18
EVER
07/31/18
INITIATION
Target $14
EVER
In Line
Tegna initiated with an In Line at Evercore ISI
Evercore ISI analyst David Joyce initiated Tegna with an In Line and $14 price target.
12/07/18
WOLF
12/07/18
INITIATION
Target $15
WOLF
Peer Perform
Tegna initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Beasley Broadcast with a Peer Perform and $15 price target.
11/27/18
GABE
11/27/18
INITIATION
GABE
Buy
Tegna initiated with a Buy at Gabelli
03/25/19
EVER
03/25/19
UPGRADE
EVER
Outperform
Tegna upgraded to Outperform from In Line at Evercore ISI
NXST Nexstar
$105.30

-3.325 (-3.06%)

12/11/18
EVER
12/11/18
UPGRADE
EVER
Outperform
Nexstar upgraded to Outperform from In Line at Evercore ISI
12/18/18
RILY
12/18/18
NO CHANGE
Target $123
RILY
Buy
Nexstar price target raised to $123 from $92 at B. Riley FBR
B. Riley FBR analyst Barton Crockett raised his price target for Nexstar Media Group (NXST) to $123 saying accretion from the pending Tribune Media (TRCO) is attractive and mitigates any recession risk. The analyst reiterates a Buy rating on the shares.
01/11/19
RBCM
01/11/19
NO CHANGE
Target $112
RBCM
Outperform
Nexstar price target raised to $112 from $96 at RBC Capital
RBC Capital analyst Leo Kulp raised his price target on Nexstar (NXST) to $112 to reflect the expected accretion from the pending Tribune Media (TRCO) deal. The analyst expects the merger to result in "meaningful shareholder value" and sees limited risk around regulatory approvals. Kulp also keeps his Outperform rating on Nexstar.
03/06/19
RILY
03/06/19
NO CHANGE
Target $135
RILY
Buy
Nexstar price target raised to $135 from $123 at B. Riley FBR
B. Riley FBR analyst Zack Silver raised his price target for Nexstar Media Group to $135 following last week's Q4 results. He believes the company's recent momentum should continue and keeps a Buy rating on the shares.
TRCO Tribune Media
$46.05

-0.04 (-0.09%)

12/11/18
EVER
12/11/18
DOWNGRADE
EVER
In Line
Tribune Media downgraded to In Line from Outperform at Evercore ISI
12/04/18
BNCH
12/04/18
NO CHANGE
Target $115
BNCH
Buy
Nexstar price target raised to $115 from $96 at Benchmark
Benchmark analyst Daniel Kurnos raised his price target on Nexstar (NXST) to $115 from $96, stating that he believes the company's deal to buy Tribune Media (TRCO) puts Nexstar on track to become the "dominant player in the broadcast space." He sees Nexstar doing all that it takes to consummate the transaction, which in his view will increase the likelihood of a longer-term buyout from private equity, Kurnos tells investors. He maintains a Buy rating on Nexstar shares.
12/07/18
WOLF
12/07/18
INITIATION
Target $44
WOLF
Underperform
Tribune Media initiated with an Underperform at Wolfe Research
Wolfe Research initiated Tribune Media with an Underperform and $44 price target.

TODAY'S FREE FLY STORIES

PRNB

Principia Biopharma

$37.30

0.86 (2.36%)

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FB

Facebook

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1.64 (0.82%)

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Alphabet Class A

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AAPL

Apple

$270.71

5.15 (1.94%)

AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

SQ

Square

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0.85 (1.27%)

TWTR

Twitter

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CSIQ

Canadian Solar

$18.35

0.39 (2.17%)

FSLR

First Solar

$53.36

1.06 (2.03%)

JASO

JA Solar

$0.00

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SPWR

SunPower

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0.15 (2.12%)

TSL

Trina Solar

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

AKS

AK Steel

$3.24

0.065 (2.05%)

MT

ArcelorMittal

$17.88

0.43 (2.46%)

NUE

Nucor

$57.60

1.13 (2.00%)

STLD

Steel Dynamics

$35.10

0.67 (1.95%)

TMST

TimkenSteel

$6.90

0.41 (6.32%)

X

U.S. Steel

$13.95

0.615 (4.61%)

AA

Alcoa

$20.60

0.68 (3.41%)

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  • 09

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

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  • 07

    Dec

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Conference/Events
JPMorgan enterprise software analyst to hold an analyst/industry conference call »

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CRVS

Corvus Pharmaceuticals

$4.26

-0.36 (-7.79%)

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KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:21
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  • 07

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

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  • 07

    Dec

SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

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  • 07

    Dec

  • 08

    Dec

SGMO

Sangamo

$11.65

0.05 (0.43%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

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SGMO

Sangamo

$11.65

0.05 (0.43%)

PFE

Pfizer

$38.29

0.26 (0.68%)

03/08/13
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  • 07

    Dec

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  • 11

    Dec

VSTM

Verastem

$1.31

0.055 (4.38%)

09:12
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  • 07

    Dec

RHHBY

Roche

$0.00

(0.00%)

09:09
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Genentech announces new data on CD20-CD3 T-cell in Hodgkin's lymphoma »

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  • 07

    Dec

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    Dec

  • 10

    Dec

  • 10

    Dec

  • 16

    Dec

XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

, BMRN

BioMarin

$79.90

-0.18 (-0.22%)

08:59
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XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

BMRN

BioMarin

$79.90

-0.18 (-0.22%)

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  • 07

    Dec

CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

, AKS

AK Steel

$3.24

0.065 (2.05%)

08:56
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08:56
Recommendations
Cleveland-Cliffs, AK Steel analyst commentary  »

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CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

AKS

AK Steel

$3.24

0.065 (2.05%)

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M

Macy's

$15.15

0.04 (0.26%)

08:53
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Periodicals
Barron's skeptical on Macy's shares into the holiday season »

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COF

Capital One

$101.39

1.8 (1.81%)

08:43
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Periodicals
Capital One shares could have more upside ahead, Barron's says »

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  • 26

    Feb

EXPE

Expedia

$107.58

1.9 (1.80%)

08:26
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Periodicals
Expedia shares still a buy despite management changes, Barron's says »

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  • 09

    Dec

DAR

Darling Ingredients

$24.05

0.39 (1.65%)

, CODI

Compass Diversified

$23.88

0.45 (1.92%)

08:21
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Periodicals
Darling, Qualys among small-caps to own for 2020 breakout, Barron's says »

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DAR

Darling Ingredients

$24.05

0.39 (1.65%)

CODI

Compass Diversified

$23.88

0.45 (1.92%)

QLYS

Qualys

$85.37

-0.37 (-0.43%)

LECO

Lincoln Electric

$92.52

0.69 (0.75%)

HASI

Hannon Armstrong

$29.50

0.24 (0.82%)

03/08/13
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  • 10

    Dec

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    Dec

CBMG

Cellular Biomedicine

$17.56

0.18 (1.04%)

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  • 07

    Dec

AXLA

Axcella

$3.63

-0.83 (-18.61%)

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Axcella says preclinical of AXA4010 data show multifactorial potential »

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AZN

AstraZeneca

$47.68

0.06 (0.13%)

08:04
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AstraZeneca says Calquence combination improved survival in leukemia patients »

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  • 07

    Dec

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    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

08:01
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AbbVie announces follow-up data from chronic lymphocytic leukemia study »

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  • 07

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

07:56
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AbbVie announces data from Phase 2 lymphocytic leukemia study »

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  • 07

    Dec

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

07:51
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  • 07

    Dec

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  • 21

    Jan

XBIT

XBiotech

$11.11

0.1 (0.91%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

07:46
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Hot Stocks
XBiotech sells bermekimab to Janssen for $750M plus potential milestones »

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XBIT

XBiotech

$11.11

0.1 (0.91%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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  • 07

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  • 21

    Jan

PCG

PG&E

$9.65

-0.13 (-1.33%)

07:39
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PG&E to amend and finalize bankruptcy plan following settlement »

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  • 07

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