BofA raised the firm’s price target on Dycom to $198 from $160 and keeps a Buy rating on the shares. The firm rolled forward its valuation and updated estimates after Dycom reported Q1 results that beat BofA and Street estimates and it announced “strong” Q2 guidance, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DY:
- Dycom price target raised to $190 from $145 at Craig-Hallum
- Dycom price target raised to $195 from $143 at Raymond James
- Dycom price target raised to $179 from $169 at KeyBanc
- Dycom price target raised to $185 from $175 at Wells Fargo
- Dycom Industries, Inc. to Participate in Upcoming Investor Conferences