Dycom price target raised to $250 from $200 at JPMorgan

JPMorgan raised the firm’s price target on Dycom (DY) to $250 from $200 and keeps an Overweight rating on the shares. The company reported “strong” fisacal Q1 results, driven by a faster than expected ramp in its acquired Black and Veatch wireless business, further supported by service and maintenance revenue, the analyst tells investors in a research note. The firm increased estimates following the better than expected Q2 and fiscal 2026 guidance, saying the wireless business continues to ramp and fiber trends remain strong.