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Fly News Breaks for October 7, 2015
DY
Oct 7, 2015 | 07:32 EDT
Wells Fargo hiked its price target on Dycom after traveling with the company's CEO, as the firm expects the company to benefit from the trend of carriers increasing to 1 Gbps speeds and the use of federal CAF 2 funds to launch broadband in more rural areas. The firm thinks that the company could also potentially benefit from efforts by cable companies to increase their broadband connection speed. It keeps an Outperform rating on the shares.
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