KeyBanc lowered the firm’s price target on Primoris (PRIM) to $90 from $96 and keeps an Overweight rating on the shares. The firm notes the company reported a better-than-expected Q4 and 2024, and guided to 2025 EBITDA in line with its expectations. KeyBanc believes that Primoris remains well-positioned in 2025 from positive growth trends in renewables, power delivery, and communications, as margins trend higher.
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