Wells Fargo analyst Eric Luebchow added Dycom (DY) to the firm’s Q2 Tactical Ideas List. The firm views the recent 20% stock selloff since March 1 as overdone and a “sell the news” reaction to record FY26 results and softer margin narrative that has created a buying opportunity ahead of several near-term catalysts. Wells has an Overweight rating on the shares with a price target of $500.
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