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Fly News Breaks for August 25, 2016
PRIM
Aug 25, 2016 | 09:23 EDT
As previously reported, Seaport Global analyst Ryan Cassil upgraded Primoris to Buy from Neutral and increased its price target to $24 from $20. Cassil said there are fairly low expectations assumed in management's guidance of 90c-$1.10 and the possibility of project starts ahead of management's internal forecast. The analyst said recent filings indicate projects in the Southeast could start prior to late Q4 2016, which would be upside to management's forecast, and believes activity in the East segment is also poised to show an acceleration as we head into the fall.
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