BofA raised the firm’s price target on Dycom to $125 from $120 and keeps a Buy rating on the shares after having attended meetings with Dycom’s SVP and CFO during the 2023 BofA Leveraged Finance conference. Following the meetings, the firm continues to see Dycom as well positioned to monetize incremental telecom and cable company wireline buildouts and capture a portion of the forthcoming $42B Biden Infrastructure Bill BEAD funding.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DY:
- Dycom price target raised to $101 from $94 at B. Riley
- Dycom price target raised to $125 from $105 at Wells Fargo
- Dycom Industries, Inc. to Participate In Upcoming Investor Conferences
- Dycom rises 16.8%
- Dycom rises 13.8%
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue