DA Davidson analyst Brent Thielman raised the firm’s price target on Primoris to $34 from $27 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s market verticals should continue to carry its growth, while the market’s attention toward Primoris balance sheet in 2023 should also benefit shares, the analyst tells investors in a research note. The firm added that Primoris continues to pursue and book significant solar opportunities, expand utility services to new customers, and pursuing several industrial project prospects.
Published first on TheFly
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