Citigroup Initiates Coverage On Nexstar Media Gr with Neutral Rating, Announces Price Target of $158
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has initiated coverage on Nexstar Media Group (NXST) with a Neutral rating and set a price target of $158.

December 08, 2023 | 12:55 pm
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NEUTRAL IMPACT
Citigroup initiated coverage on Nexstar Media Group with a Neutral rating and a price target of $158.
The initiation of coverage by Citigroup with a Neutral rating suggests that the analyst sees the stock performing in line with the market or sector. The price target of $158 provides a reference point for investors but does not imply significant upside or downside, hence the neutral impact score. The relevance is high as the news is directly about NXST. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than positive or negative. The confidence level is high due to the clear stance taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100