Dycom price target raised to $258 from $234 at UBS

UBS analyst Steven Fisher raised the firm’s price target on Dycom (DY) to $258 from $234 and keeps a Buy rating on the shares following the “strong” Q1 earnings report and guidance raise for fiscal 2026. Dycom outperformed expectations, including generating positive organic growth despite tough comps, strong margins, and record backlog, the analyst tells investors in a research note. The firm thinks tax policy changes and customer consolidation could further accelerate telecom capital expenditures.