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Analysts Offer Insights on Services Companies: Nexstar (NXST) and Liquidity Services (LQDT)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Nexstar (NXST) and Liquidity Services (LQDT) with bullish sentiments.

Nexstar (NXST)

In a report released today, James Goss from Barrington maintained a Buy rating on Nexstar, with a price target of $110. The company’s shares closed on Friday at $82.64.

Goss said:

“We would expect interest rates to be higher on this transaction, taking into account the greater degree of leverage post-close, as well as interest rate increases since the MEG transaction closed, which may reduce the speed with which the company would be able to reduce leverage.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.4% and a 64.9% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and iPic Entertainment Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexstar with a $96.20 average price target.

See today’s analyst top recommended stocks >>

Liquidity Services (LQDT)

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Liquidity Services, with a price target of $10. The company’s shares closed on Friday at $6.48.

According to TipRanks.com, Prestopino is a 2-star analyst with an average return of -0.2% and a 41.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liquidity Services with a $10 average price target.

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