Dycom Industries rises after BofA lifts PT

Dycom Industries

29/05/2024 17:14

** Telecom infrastructure contractor Dycom Industries'
shares  DY.N  rise 1% to $179.73 
    ** BofA lifts PT to $198 from $160, an 11% upside to stock's
last close
    ** Says DY remains the best-positioned small-and-mid cap
pick in its sector coverage, reiterates "buy" rating
    ** Cites co's positioning to monetize, ongoing and new
telecom and cable, company wireline buildout initiatives and
capture of forthcoming BEAD funding benefits
    ** Three brokerages rate the stock "strong buy" and six
"buy"; their median PT is $195.00 - LSEG data
    ** Stock had risen 56% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))