Benchmark analyst Daniel Kurnos reiterated a Buy rating on Nexstar Media Group, Inc (NASDAQ: NXST) and set a price target of $225.
Following up on his state of the advertising union published yesterday morning, Nexstar management released their updated deck highlighting many disparities between the streaming investment narrative and the realities on the ground.
While unlikely to necessarily sway investor opinion, there were at least a few incremental talking points that he thought were worth reiterating as incremental cases for support, especially at current levels.
Beyond that, though, and in conjunction with his checks, he believes Nexstar may have a unique near-term narrative centered around retransmission, free cash flow, and guidance that could produce relative outperformance in the coming ...