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Primoris price target raised to $98 from $79 at KeyBanc

KeyBanc analyst Sangita Jain raised the firm’s price target on Primoris (PRIM) to $98 from $79 and keeps an Overweight rating on the shares. With the final version of the “One Big Beautiful Bill” coming in better than feared, the firm sees value creation potential through Primoris’ dominant positioning in utility scale solar plus storage in key geographies, steady growing power delivery business with improving profitability, and 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, which should result in margin and multiple expansion over the coming years.

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