TGNA - Broadcast stocks seal strong week with valuation NFL deals coming into focus

Amid today's late stock rally, broadcast-related stocks are putting a button on a banner week. Fox is higher today ([[FOX]] +6.1%, [[FOXA]] +5.3%), and FOXA is up 18.3% over the past five days. Discovery (DISCA +1.3%) is on a five-day run of 22% gains. And AMC Networks (AMCX +1.2%) is up 28.4% in the past week. In some cases stocks are getting called out for having too-low valuations in recent weeks. BofA gave Fox a Street-high price target based on some unappreciated value among assets including its exposure to online betting - a hot topic this week - and its direct-to-consumer strategy. And a note from Stephens last week cited double-digit upside in broadcasters as the sector comes in for easy comparisons and "built-in" second-half gains. The firm favors Gray Television (GTN +2.4%) and Nexstar Media Group (NXST +3.1%). Gains this week for local-broadcast names: [[NXST]] +10.3%; [[GTN]] +1.5%; Tegna (TGNA +2.6%) down

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Broadcast stocks seal strong week with valuation, NFL deals coming into focus