Wells Fargo Maintains Overweight on Dycom Industries, Raises Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on Dycom Industries (NYSE:DY) and raised the price target from $175 to $185.
May 23, 2024 | 2:28 pm
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POSITIVE IMPACT
Wells Fargo has reaffirmed its Overweight rating on Dycom Industries and increased the price target from $175 to $185, indicating confidence in the company's future performance.
The reaffirmation of an Overweight rating and an increased price target from a major financial institution like Wells Fargo suggests strong confidence in Dycom Industries' future performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100