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Fly News Breaks for December 9, 2016
DY
Dec 9, 2016 | 07:38 EDT
Canaccord analyst Bobby Burleson said he sees a solid entry point for Dycom (DY) shares, citing bolstered conviction in demand from core customers, potential emerging demand from Netherlands based Altrice, and the stock's attractive valuation. Burleson noted the focus on the Google Fiber (GOOG) footprint and backlog has diminished as Dycom's key customers have ratcheted up demand. Burleson reiterated his Buy rating and $95 price target on Dycom shares.
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