Primoris Services Corp. (PRIM) stock surged 8.74% in pre-market trading on Tuesday, following positive analyst commentary and price target increases.
D.A. Davidson analyst Brent Thielman maintained a "Buy" rating on PRIM and raised the price target to $85, citing the company's strong growth prospects and attractive valuation. Additionally, other analysts have also issued favorable ratings on PRIM and other industrial goods companies.
The bullish analyst sentiment seems to have fueled investor optimism, driving Primoris shares higher ahead of the regular trading session. The pre-market surge comes as the company continues to benefit from its diversified offerings and robust project pipeline across various sectors, including renewable energy and infrastructure.
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