Wells Fargo raised the firm’s price target on Dycom to $145 from $135 and keeps an Overweight rating on the shares. Despite some winter weather impacting Q4, Dycom’s guide was encouraging and sets the company up to return to 7%-10% revenue and EPS growth starting in July 2024 ahead of more clarity on the large opportunity from BEAD and rural broadband, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DY:
- Dycom Reviews Non-GAAP Results and Future Outlook
- Dycom Industries, Inc. to Participate in Upcoming Investor Conferences
- Dycom sees Q1 contract revenue in-line to slightly lower y/y, consensus $1.08B
- Dycom reports Q4 EPS 79c, consensus 94c
- Dycom Industries, Inc. Announces Fiscal 2024 Fourth Quarter and Annual Results
