Nexstar Media Group (NXST) News Today

Nexstar Media Group, Inc. (NASDAQ: NXST) has seen its shares move higher today on the back of strong Q2 results, raised analyst targets and balance‐sheet strengthening initiatives. Below are the key developments driving sentiment:

• Positive Sentiment: Wells Fargo & Company raised its rating to “overweight” and lifted the price target from $206 to $250, implying a roughly 34% upside. Benzinga
• Positive Sentiment: Benchmark Co. upgraded the stock to “buy” and nudged its price target from $220 to $225, signaling more than 20% upside potential. Benzinga
• Positive Sentiment: The shares hit a new 12-month high after Nexstar reported stronger-than-expected Q2 earnings. MarketBeat
• Positive Sentiment: Management highlighted ongoing CW profitability initiatives and secured refinancing that bolsters the balance sheet. MSN
• Positive Sentiment: Analysts described Q2 as “another solid quarter” with results beating expectations. RBR
• Positive Sentiment: Q2 revenue topped consensus estimates, demonstrating resilience amid softer ad markets. AOL Finance
• Positive Sentiment: The company beat on Q2 EPS ($3.06 vs. $2.95 expected) and revenue ($1.23 billion vs. $1.21 billion forecast), underlining operational strength. Press Release
• Neutral Sentiment: Earnings conference call transcript offers deeper insight into Q2 performance and outlook. Seeking Alpha
• Neutral Sentiment: Snapshot coverage summarized Q2 results and key metrics without new guidance. Yahoo Finance
• Neutral Sentiment: Net revenue for Q2 was $1.23 billion, down 3.2% year-over-year. Joplin Globe
• Negative Sentiment: Revenue dipped 3.2% as the political advertising market softened. NewscastStudio
• Negative Sentiment: Soft Q2 ad market led to a 3% revenue decline versus last year. MSN
• Negative Sentiment: Net revenue fell 3.2% year-over-year, underscoring ongoing advertising headwinds. MSN