Guggenheim raised the firm’s price target on Primoris (PRIM) to $184 from $170 and keeps a Buy rating on the shares. The firm is updating its model following the company’s announcement of a deal to acquire PayneCrest Electric, calling the transaction a “high margin win.”
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Read More on PRIM:
- Primoris price target raised to $171 from $165 at JPMorgan
- Primoris: Strategic PayneCrest Acquisition Strengthens Electrical Capabilities and Supports Buy Rating
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