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Fly News Breaks for December 13, 2018
DY
Dec 13, 2018 | 08:46 EDT
As previously reported, Craig-Hallum analyst Christian Schwab upgraded Dycom to Buy from Hold with a $75 price target. With the shares having pulled back over 15% since the company reported its Q3 results, the analyst believes shares at current levels have become attractive again. Further, with FY20 Street EPS consensus set at $4.28, below his estimate, Schwab believes after six consecutive quarters of Dycom lowering expectations the Street has finally set a low bar for the company.
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