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Fly News Breaks for November 29, 2017
DY
Nov 29, 2017 | 07:23 EDT
Stifel analyst Noelle Dilts said she views Dycom as the company best positioned to benefit from wireline telecom's "unprecedented, potentially decades-long" investment in fiber infrastructure and raised her price target on the stock to $120 from $93 as she updated her estimates and shifted her model to reflect Dycom's new January fiscal year. Dilts, who forecasts 25% compound annual EPS growth over the next two years for Dycom, keeps a Buy rating on the shares.
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