Primoris price target lowered to $150 from $170 at Roth Capital

Roth Capital analyst Philip Shen lowered the firm’s price target on Primoris (PRIM) to $150 from $170 and keeps a Buy rating on the shares. The company reported a big Q1 miss and lowered its 2026 EBITDA estimate as Energy bookings were down substantially, the analyst tells investors in a research note. The rest of the business is strong and healthy however, and the firm expects the core renewables business to come back after a few quarters, Roth added.