Dycom Industries shares are trading higher after B. Riley Securities upgraded the stock from Neutral to Buy and raised its price target from $101 to $172.
Portfolio Pulse from Benzinga Newsdesk
Dycom Industries' stock price is on the rise following an upgrade from B. Riley Securities, which changed its rating from Neutral to Buy and increased its price target from $101 to $172.
March 08, 2024 | 2:17 pm
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POSITIVE IMPACT
Dycom Industries' stock is experiencing an upward movement after B. Riley Securities upgraded the stock to Buy from Neutral and raised the price target to $172 from $101.
The upgrade by B. Riley Securities to a Buy rating and the significant increase in the price target are strong positive signals to the market, suggesting a bullish outlook on Dycom Industries. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100