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Fly News Breaks for February 15, 2018
DY
Feb 15, 2018 | 07:29 EDT
Wells Fargo analyst Jennifer Fritzsche raised her price target for Dycom to $125 from $108.50 saying that despite its guidance preannouncement, she believes fiber demand from its top customers remains very robust. Additionally, the analyst also argues that despite near-term headwinds, a closer look at the guidance offers evidence of a coming ramp. Fritzsche reiterates an Outperform rating on the shares.
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