Primoris initiated with a Buy at Roth Capital

Roth Capital analyst Philip Shen initiated coverage of Primoris (PRIM) with a Buy rating and $170 price target The company is exposed to “numerous megatrends” which will drive strong sales growth and margin expansion, the analyst tells investors in a research note. The firm believes outlook for Primoris’ gas-fired generation and pipeline opportunities have become robust following President Trump’s election.