Stock Track | Primoris Soars 5.32% Intraday on Mizuho Upgrade and Post-Earnings Recovery

Stock Track

05/11

Primoris Services (PRIM) stock surged 5.32% during intraday trading on Monday, marking a significant upward movement for the construction and engineering firm.

The rally follows an upgrade from Mizuho Securities, which raised its rating on Primoris Services to "Outperform" from "Neutral." While Mizuho adjusted its price target downward to $135 from $175, the upgrade to a more bullish rating provided positive sentiment for investors.

This upward move also continues a recovery trend for the stock, which had experienced a sharp sell-off after the company reported disappointing first-quarter earnings. The stock entered an oversold condition following the earnings miss, and the current session's gain represents continued momentum in this rebound phase.

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