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Fly News Breaks for November 21, 2018
DY
Nov 21, 2018 | 08:01 EDT
Canaccord analyst Chip Moore assumed coverage on Dycom with a Buy as he believes it is well-positioned as a near pure-play in telecom network expansion. He noted shares are down roughly 40% year-to-date, making the valuation reasonable ahead of what he views as the next cyclical wave of multi-year growth. Moore has an $84 price target on Dycom shares.
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