Primoris price target raised to $55 from $45 at DA Davidson

DA Davidson raised the firm’s price target on Primoris to $55 from $45 and keeps a Buy rating on the shares. The company’s Investor Day presentation, in addition to general business activity levels discussion, also featured 2026 financial targets calling for notable projected gains in profitability and cash flows relative to expected and forecasted growth expectations, the analyst tells investors in a research note. DA Davidson is positive on Primoris’s very attractive growth drivers and a calculated plan for profit enhancement.