Dycom price target raised to $395 from $370 at JPMorgan

JPMorgan analyst Richard Choe raised the firm’s price target on Dycom (DY) to $395 from $370 and keeps an Overweight rating on the shares. The firm updated the company’s Q4 estimates to reflect five weeks of the Power Solutions business and a potential negative impact from the recent winter storm. It expects ongoing strength in Dycom’s core fiber-to-the-home communications business.