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Fly News Breaks for September 27, 2018
DY
Sep 27, 2018 | 09:13 EDT
B. Riley FBR analyst Alex Rygiel raised his price target for Dycom Industries to $84 after traveling with management. The analyst says the meetings reconfirmed his favorable long-term outlook for the industry, the company, and the share price. Rygiel, however, keeps a Neutral rating on the shares. He believes investors may take a wait-and-see approach to the shares given "multiple quarterly earnings misses and downward guidance revisions caused by volatile short-term customer spending patterns and permitting delays."
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