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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DY:
- Dycom Industries: Positioned for Growth with Strong Telecommunications Performance and BEAD Funding Potential
- Dycom Appoints Stephen LeClair to Board of Directors
- Dycom appoints Stephen LeClair to board of directors
- Dycom price target raised to $320 from $306 at KeyBanc
- Dycom price target raised to $336 from $296 at UBS