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Fly News Breaks for August 19, 2016
GOOG, DY
Aug 19, 2016 | 08:53 EDT
Canaccord analyst Bobby Burelson said the recent pullback in Dycom (DY) shares has offered an attractive entry point. The analyst previewed Dycom's Q2 results as well as addresses concerns over Google fiber's (GOOG) plans to test fixed wireless broadband in certain metros. He expects overall spending on fiber deployments to remain strong driven by increasing competition and for Google Fiber to be a positive driver of deployment. Burleson reiterated his Buy rating and $105 price target on Dycom shares.