Nexstar upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Nexstar to Outperform citing its comfort with the regulatory environment and its belief Broadcast TV stocks have limited downside risk. Wells raised its price target range for shares to $50-$52 from $36-$40.
Nexstar and Cox Communications reach distribution agreement for 13 stations Nexstar reached a new distribution agreement with Cox Communications allowing the cable television provider the right to resume carrying Nexstar's network and local community programming. The agreement covers Nexstar's broadcast platform inclusive of 13 network affiliated and local stations in nine markets. Programming on all stations will resume as soon as possible. Specific terms of the agreement are not being disclosed.