Primoris price target raised to $34 from $29 at UBS

UBS analyst Steven Fisher raised the firm’s price target on Primoris to $34 from $29 and keeps a Buy rating on the shares. Primoris had a "solid" Q4, with an "uneventful" release for the second quarter in a row, the analyst tells investors in a research note. The firm is encouraged by the improvement in margins since Q1, which it attributes partially to better cost management and improved execution.