Primoris Services Corp. (PRIM) stock surged 8.75% in intraday trading on Tuesday, driven by bullish analyst commentary and price target increases.
D.A. Davidson analyst Brent Thielman reiterated a "Buy" rating on PRIM and raised the price target to $85, citing the company's strong growth prospects and attractive valuation. Thielman's positive outlook on Primoris fueled investor optimism, contributing to the significant stock price increase.
The surge in Primoris shares comes as the company continues to benefit from its diversified offerings and robust project pipeline across various sectors, including renewable energy and infrastructure. With analysts eagerly recommending the stock, investors appear confident in the company's ability to capitalize on growth opportunities and deliver strong financial performance.
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