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Fly News Breaks for March 30, 2016
PRIM
Mar 30, 2016 | 07:51 EDT
After Primoris announced a new contract from a California utility customer with an anticipated value of $500M over five years, KeyBanc says that the deal increases Primoris' revenue visibility and "highlights its strong positioning and relationships with key utility customers in California." The firm adds that the deal includes electric T&D work, an area where Primoris has "limited experience, " according to the firm. KeyBanc keeps a Sector Weight rating on the shares. .
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