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Stock Market & Financial Investment News

News Breaks
February 27, 2014
07:45 EDTDYDycom upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Dycom to Buy from Hold due to strengthening end markets. Price target raised to $36 from $26.
News For DY From The Last 14 Days
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March 23, 2015
08:06 EDTDYDycom price target raised to $65 from $55 at FBR Capital
FBR Capital raised its price target for Dycom to $65 saying the FCC's Connect America Fund is an upcoming catalyst that is not yet appreciated. FBR expects the FCC over the next few months to begin shifting $9B over five years from rural subsidies in the Universal Services Fund to the Connect America Fund and its awardees. It believes the Phase II of the fund could add organic revenue growth to Dycom of approximately 5% per year starting in 2016 and develop into a multi-hundred-million-dollar opportunity annually through 2020. It keeps an Outperform rating on the stock.

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