B. Riley Securities Upgrades Dycom Industries to Buy, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel upgraded Dycom Industries (NYSE:DY) from Neutral to Buy and increased the price target from $101 to $172.
March 08, 2024 | 12:52 pm
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POSITIVE IMPACT
Dycom Industries was upgraded from Neutral to Buy by B. Riley Securities, with a price target increase from $101 to $172.
The upgrade from Neutral to Buy by a significant analyst, along with a substantial increase in the price target, is likely to generate positive sentiment among investors. This could lead to an increase in the stock price in the short term as the market reacts to the new rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100