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Fly News Breaks for April 2, 2015
DY
Apr 2, 2015 | 10:09 EDT
Wells Fargo views Comcast's (CMCSA) announcement today that it will offer residential multi-gigabit broadband service to more than 1.5M customers in Atlanta starting next month as a positive for Dycom (DY). Comcast's Gigabit Pro is a symmetrical, 2 Gigabit-per-second service that will be delivered via a fiber-to-the-home solution. Wells notes that Comcast is Dycom's third largest customer. The firm views Dycom as "especially well positioned" to benefit from the cable giant's broadband spend. It keeps an Outperform rating on the stock.
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