Form 8-K DYCOM INDUSTRIES INC For: Feb 18
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Raymond James Reiterates Strong Buy Rating on Dycom Industries (DY), 'Short Report Comes Up Short on Industry Acumen'
February 19, 2025 11:29 AM ESTRaymond James analyst Frank Louthan IV reiterated a Strong Buy rating and $215.00 price target on Dycom Industries (NYSE: DY)
The analyst comments "A self-proclaimed investor advocate Spruce Point Capital issued a short report on Dycom (DY) today (see HERE) accusing management of not being forthcoming about business risks; citing risk to the company from M&A; inflated valuation on revenue and P/E; and concerns over board members and managements prior history with other companies. When we look through this report, the formula follows a tried and true pattern from certain short sellers... More
