BUZZ-Dycom Industries rises after BofA lifts PT

Reuters05-30

** Telecom infrastructure contractor Dycom Industries' shares rise 1% to $179.73

** BofA lifts PT to $198 from $160, an 11% upside to stock's last close

** Says DY remains the best-positioned small-and-mid cap pick in its sector coverage, reiterates "buy" rating

** Cites co's positioning to monetize, ongoing and new telecom and cable, company wireline buildout initiatives and capture of forthcoming BEAD funding benefits

** Three brokerages rate the stock "strong buy" and six "buy"; their median PT is $195.00 - LSEG data

** Stock had risen 56% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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