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Dycom price target raised to $255 from $215 at Raymond James

Raymond James analyst Frank Louthan raised the firm’s price target on Dycom (DY) to $255 from $215 and keeps a Strong Buy rating on the shares. Dycom is well-positioned to remain a direct beneficiary of the trend of big telco continuing its catch-up to incumbent cable, the analyst tells investors in a research note.

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