Dycom price target raised to $320 from $306 at KeyBanc

KeyBanc analyst Sangita Jain raised the firm’s price target on Dycom (DY) to $320 from $306 and keeps an Overweight rating on the shares. The firm also reiterates Dycom as a top pick as it believes the name has multiple shots at the goal with the FTTH growth unfolding in the near-term, to be followed by a BEAD layering on growth over the next one to three years to be then followed by a ramp in the datacenter-led middle mile fiber buildout.