BofA raised the firm’s price target on Dycom (DY) to $365 from $310 and keeps a Buy rating on the shares after its Q3 earnings beat and Power Solutions deal. The firm views the acquisition positively as it provides Dycom an additional avenue of growth on top of its already strong FTTH base-business, BEAD and Data Center opportunity, and wireless exposure, the analyst tells investors in a research note.
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