Dycom price target raised to $482 from $426 at KeyBanc

KeyBanc raised the firm’s price target on Dycom (DY) to $482 from $426 and keeps an Overweight rating on the shares. The firm notes the company’s Q4 was exceptionally strong on revenue. FY27 guidance on revenue was in line, though margin outlook is a bit softer after a very strong FY26 and Dycom investing to support a multi-year growth outlook. KeyBanc sees the selloff as an opportunity given Dycom’s discount to peers and a superior growth outlook.