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Fly News Breaks for August 30, 2017
DY
Aug 30, 2017 | 13:28 EDT
KeyBanc analyst Tahira Afzal upgraded Dycom Industries to Overweight from Sector Weight amid today's post-earnings selloff. While the "very" near-term is challenging, channel checks support Dycom's backlog integrity as well as a mid-2018 recovery in organic revenue growth, Afzal tells investors in a research note. The analyst has an $87 price target for the shares. Dycom is down 6% to $77.48 in afternoon trading following its weaker than expected first half of 2018 outlook.
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