Wells Fargo analyst Eric Luebchow raised the firm’s price target on Dycom (DY) to $215 from $200 and keeps an Overweight rating on the shares. The firm anticipates Dycom can beat Q1 and FY26 expectations by 1%-3% as fiber and AI data center builds ramp. While the multiple has re-rated higher, it still trades in-line with historical averages, Wells adds.
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