JPMorgan analyst Mark Strouse raised the firm’s price target on Primoris (PRIM) to $171 from $165 and keeps a Neutral rating on the shares. The firm adjusted the company’s estimates for the PayneCrest Electric acquisition.
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Read More on PRIM:
- Primoris: Strategic PayneCrest Acquisition Strengthens Electrical Capabilities and Supports Buy Rating
- Primoris to acquire PayneCrest in $422M all-cash transaction
- Primoris Services Announces Director Retirement and Board Reduction
- Primoris Services Signals Growth Despite Margin Headwinds
- Primoris price target raised to $176 from $165 at UBS
