KeyBanc raised the firm’s price target on Primoris (PRIM) to $119 from $98 and keeps an Overweight rating on the shares. The firm notes the company reported a strong Q2 beat and raised 2025 targets. Margins continue to benefit from mix shift and improved execution. Bookings momentum is strong with renewables, communications, and natural gas generation awards likely to continue driving strength into 2026 given strong end-market dynamics and Primoris’ market positioning, KeyBanc adds.
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