Wells Fargo Upgrades Nexstar Media Gr to Overweight, Raises Price Target to $221
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall upgrades Nexstar Media Group (NXST) from Equal-Weight to Overweight and increases the price target from $190 to $221.
May 13, 2024 | 1:28 pm
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Nexstar Media Group was upgraded by Wells Fargo from Equal-Weight to Overweight with a price target increase from $190 to $221, indicating a positive outlook on the stock's future performance.
Upgrades by major financial institutions like Wells Fargo generally lead to positive short-term price movements. The significant increase in the price target reflects a strong confidence in the company's future performance, likely influencing investor sentiment positively.
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