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Fly News Breaks for December 20, 2017
DY
Dec 20, 2017 | 14:02 EDT
Stephens analyst Matt Duncan raised his price target on Dycom to $140 from $120, calling the company the biggest tax reform winner among the Industrial Products and Services stocks the firm covers. Not only does Dycom get almost all of its income from the U.S. and is a full tax payer, its largest customers are very likely to increase investments given a lowered U.S. tax rate, Duncan tells investors. He keeps an Overweight rating on Dycom shares.
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