Primoris price target raised to $154 from $129 at KeyBanc

KeyBanc analyst Sangita Jain raised the firm’s price target on Primoris (PRIM) to $154 from $129 and keeps an Overweight rating on the shares. The firm sees continued value creation through Primoris’ dominant positioning in utility scale solar plus storage, a steadily growing power delivery business with improving profitability, and an underappreciated role in data center capex from fiber networks to energy generation and T&D. KeyBanc expects a continued end market mix shift toward these faster-growing segments, supporting margin expansion and multiple uplift over time. Backlog visibility, margin cadence, and capital flexibility reinforce the firm’s view.