Mizuho analyst Maheep Mandloi raised the firm’s price target on Primoris (PRIM) to $175 from $143 and keeps a Neutral rating on the shares. The company is expanding into interior data center and industrial electrical work with the acquisition of PayneCrest Electric, the analyst tells investors in a research note. The firm views the strategic rationale for the deal as “straightforward.”
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Read More on PRIM:
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