Wells Fargo Maintains Overweight on Dycom Industries, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on Dycom Industries (NYSE:DY) but lowered the price target from $120 to $115.

August 15, 2023 | 12:38 pm
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NEUTRAL IMPACT
Dycom Industries' price target has been lowered from $120 to $115 by Wells Fargo, though the Overweight rating is maintained.
The news is directly about Dycom Industries. While the Overweight rating is maintained, which is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100