Nexstar Broadcasting files to sell 8M shares of common stock for holders Credit Suisse Securities, Wells Fargo Securities, and UBS Securities are the joint book-running managers of the offering. RBC Capital Markets and Evercore Group are acting as co-managers of the offering.
News For NXST From The Last 14 Days
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Nexstar price target raised to $42 from $30 at Credit Suisse Credit Suisse raised Nexstar's price target to reflect expectations for additional M&A, high multiple, increased scale and cost synergies, a stable local ad market, and NOLs. Shares are Outperform rated.
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