Barrington Sticks to Its Buy Rating for Nexstar Media Group (NXST)
In a report released today, Patrick Sholl from Barrington reiterated a Buy rating on Nexstar Media Group, with a price target of $225.00.
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Sholl covers the Communication Services sector, focusing on stocks such as IMAX, Cinemark Holdings, and Gray Television. According to TipRanks, Sholl has an average return of 1.0% and a 36.19% success rate on recommended stocks.
In addition to Barrington, Nexstar Media Group also received a Buy from Benchmark Co.’s Daniel Kurnos in a report issued on November 7. However, on the same day, TR | OpenAI – 4o downgraded Nexstar Media Group (NASDAQ: NXST) to a Hold.
Based on Nexstar Media Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.2 billion and a net profit of $70 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $187 million
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