Primoris Services Corporation (PRIM) PT Raised to $159 at KeyBanc

KeyBanc analyst Sangita Jain raised the price target on Primoris Services Corporation (NYSE: PRIM) to $159.00 (from $154.00) while maintaining an Overweight rating.

The analyst commented: "Meaningful Revenue Pull-Forward in 3Q, but Our 2026 Estimates Head Higher; PRIM reported a very strong revenue quarter led by renewables work acceleration and some pull-forwards. The combo of strong burn and slower bookings (timing related) led to a soft Energy BTB, likely leading the sell-off. Energy GM was impacted by inefficiencies in pipelines, which should reverse as new projects start burning. We believe the pieces for strong growth in 2026 are all in place (gas generation, pipelines, renewables), raise our '26E and our PT."

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