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Fly News Breaks for December 10, 2019
Dec 10, 2019 | 08:42 EDT
B. Riley FBR analyst Alex Rygiel views the selloff yesterday in shares of Dycom Industries following the company's cancelled senior notes offering as unwarranted. The action by management to attempt to repurchase out of money convertible notes well in advance of their due date of September 20201 may be a bullish signal that investors should take note of and take additional positions, Rygiel tells investors in a research note. The analyst reiterates a Buy rating on Dycom with a $60 price target.
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