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DY

Dycom

$57.05

11.38 (24.92%)

08:36
05/22/19
05/22
08:36
05/22/19
08:36

Dycom price target raised to $65 from $51 at Craig-Hallum

Craig-Hallum analyst Christian Schwab raised his price target for Dycom to $65 from $51 following better than expected Q1 results and in-line guidance. The analyst believes after roughly a year and a half of challenging execution and "disappointing results" that estimate cuts are now behind the company. He reiterates a Buy rating on the shares.

  • 18

    Jun

  • 19

    Jun

DY Dycom
$57.05

11.38 (24.92%)

03/04/19
SPHN
03/04/19
NO CHANGE
Target $57
SPHN
Overweight
Dycom price target lowered to $57 from $130 at Stephens
Stephens analyst Blake Hirschman lowered his price target on Dycom shares to $57 from $130 following the company's recent report of Q4 results and decision to move away from providing fiscal yearly guidance. While 2018 was headlined by permitting delays and changes in customer spending cadence, Hirschman said he thinks the outlook for a multi-year, 5G-related fiber spending cycle remains fully intact and that the risk/reward for Dycom shares is "highly attractive" with expectations and the stock's price reset. He keeps an Overweight rating on Dycom.
05/22/19
ADAM
05/22/19
NO CHANGE
Target $64
ADAM
Buy
Dycom price target lowered to $64 from $68 at Canaccord
Canaccord analyst Chip Moore lowered his price target to $64 from $68 following the company's Q1 results, saying the quarter was "solid" overall. Moore, who maintains a Buy rating, tells investors in a research note that he finds Dycom well-positioned as a near pure-play in telecom network expansion. While he acknowledges more challenging visibility near term, Moore says he finds current valuation reasonable ahead of what he views as the next cyclical wave of multi-year growth and likes the risk/reward here.
05/22/19
DBAB
05/22/19
NO CHANGE
Target $62
DBAB
Buy
Dycom price target raised to $62 from $54 at Deutsche Bank
Deutsche Bank anlayst Chad Dillard raised his price target for Dycom Industries to $62 from $54 saying the company reported "sound" Q1 results against low expectations. The analyst believes the "story is intact" and keeps a Buy rating on Dycom.
05/22/19
WELS
05/22/19
NO CHANGE
Target $63
WELS
Outperform
Dycom price target raised to $63 from $50 at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche raised his price target for Dycom to $63 from $50 after the company posted "strong" Q1 results, particularly from a top-line perspective, due to "significant growth" from four of its top five customers. Ultimately, the analyst believes Dycom can deliver double-digit earnings and EBITDA growth in 2021 after working through the near-term cost headwinds, but would remain slightly more cautious in the near-term based on the current valuation and the expectation for decelerating revenue growth and negative earnings/EBITDA growth through 2020. He reiterates an Outperform rating on the shares.

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