Primoris price target lowered to $137 from $179 at KeyBanc

KeyBanc analyst Sangita Jain lowered the firm’s price target on Primoris (PRIM) to $137 from $179 and keeps an Overweight rating on the shares. The firm notes stock was down 50% yesterday on an earnings miss and guidance cut on renewables execution. KeyBanc’s 2026 EBITDA is lower by 14% and 2027 by 6%, so stock reaction seems severe, the firm argues.