Dycom Industries (DY) Tops Q1 EPS by 2c
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FBR Capital Cuts Price Target on Dycom Industries (DY) Following 1Q
November 22, 2016 3:59 PM ESTFBR Capital maintained an Outperform rating on Dycom Industries (NYSE: DY), and cut the price target to $115.00 (from $121.00), following the company's 1Q earnings report. Following Dycom Industries' in-line results, FBR adjusted 2017 estimates to account for guidance related to Google and Goodman. FBR reduced revenue estimates to $3,004M (from $3,060M). Adjusted EBITDA estimates were cut to $446M (from $454M), and adjusted EPS of $5.10 was cut from $5.15.... More
