Primoris price target raised to $160 from $128 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Primoris (PRIM) to $160 from $128 and keeps a Buy rating on the shares. The firm, which notes that its estimates are above consensus, expects another upward estimate revision cycle unfolding in the next 6-12 months as it sees gas generation replacing solar as the next leg of growth.