DA Davidson analyst Brent Thielman raised the firm’s price target on Dycom (DY) to $265 from $220 and keeps a Buy rating on the shares after its Q1 earnings beat. Stronger than expected inorganic contributions led Q1 revenue higher, while margins continue to expand, the analyst tells investors in a research note. New sources of opportunity for Dycom services also strengthen its medium/long-term growth potential, the firm added.
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