Primoris price target raised to $40 from $34 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on Primoris to $40 from $34 and keeps a Buy rating on the shares after its Q2 earnings beat. The analyst cites the company’s significant bookings, a continued healthy pipeline, and and solid underlying operating results and performance. Primoris utility-driven revenue streams also “remain attractive”, the firm added.