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Fly News Breaks for November 21, 2017
DY
Nov 21, 2017 | 06:20 EDT
DA Davidson analyst Brent Thielman raised his price target on Dycom to $100 following Q1 results, saying the 29% rise in backlog continues to suggest that an inflection in sales growth is coming. Thielman is also positive on the company's plans to begin providing annual guidance starting with the next quarter, noting this could relieve some concerns around visibility. The analyst keeps his Neutral rating, saying the 8% post-earnings rally reflects the recovering sales growth.
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