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Fly News Breaks for May 25, 2017
DY
May 25, 2017 | 09:22 EDT
Stephens analyst Matt Duncan views yesterday's pullback in shares of Dycom as a overdone. The lower than expected outlook, due to the timing of customer spending plans, is "transitory in nature," Duncan tells investors in a post-earnings research note. He believes Dycom's business fundamentals are improving for the longer term and reiterates an Overweight rating on the shares with a $120 price target.
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