Dycom price target raised to $145 from $124 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Dycom to $145 from $124 and keeps a Buy rating on the shares. The firm notes Dycom experienced some winter weather impacts exiting Q4 but sees an improvement in the spending environment heading into this year. The company expects, given tough year-over-year compares following some customers more heavily weighted 1H spending last year, organic revenue to be roughly flat year-over-year in Q1 and to resume year-over-year growth in Q2.