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Fly News Breaks for April 19, 2017
GLW, VZ, DY
Apr 19, 2017 | 07:53 EDT
After Verizon (VZ) announced a three year agreement to purchase fiber from Corning (GLW), Stifel analyst Noelle Dilts says that Verizon's upcoming deployment of fiber could generate $300M of additional annual revenue for Dycom (DY). The analyst estimates that Verizon's deployment could add 64c to Dycom's annual EPS. She raised her price target on the shares to $120 from $112 and keeps a Buy rating on the stock.
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