Wells Fargo raised the firm’s price target on Dycom (DY) to $315 from $305 and keeps an Overweight rating on the shares. A ramp of FTTP, AI data center and BEAD builds over the next 2 years bodes well for a top-line and EPS growth acceleration and forecast ahead of consensus, the firm says. Wells’ near-term view is only modestly tempered by valuation ahead of long-term averages.
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