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Fly News Breaks for February 6, 2019
PRIM
Feb 6, 2019 | 07:32 EDT
As previously reported, KeyBanc analyst Tahira Afzal upgraded Primoris to Overweight from Sector Weight, with a $28 price target. The analyst cited its low relative valuation, which she thinks is unwarranted and likely to correct. Afzal gauges that current sentiment reflects a largely de-risked contribution from mega pipelines for Primoris in 2019 and sees an improving slate of opportunities in large energy capex and improving profitability in T&D as catalysts.
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