Primoris price target raised to $125 from $85 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on Primoris (PRIM) to $125 from $85 and keeps a Buy rating on the shares after its Q2 earnings beat and guidance raise. The stock continues to perform well despite a permanent CEO in place as fundamental business drivers and execution are clearly driving solid bottom-line growth and performance, the analyst tells investors in a research note.