JPMorgan analyst Drew Chamberlain raised the firm’s price target on Primoris (PRIM) to $90 from $88 and keeps an Overweight rating on the shares. The company reported 4Q EBITDA and revenue well-ahead of expectations and initial fiscal 2025 guidance beat consensus estimates, the analyst tells investors in a research note. The firm upped fiscal 2026 estimates to account for Primoris’s accelerating velocity of order activity, strengthening cross-business execution, and growing multi-year earnings visibility.
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