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Fly News Breaks for May 25, 2017
DY
May 25, 2017 | 07:34 EDT
Canaccord analyst Bobby Burleson believes Dycom management de-risked estimates with its Q2 commentary setting up a potential raise going forward. The analyst said the soft guidance was due to timing issues of new projects but the overall opportunity for fiber remains intact. Although he lowered his estimates on guidance it is with the view it can be raised again next quarter. Burleson reiterated his Buy rating and $120 price target on Dycom shares.
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