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Fly News Breaks for June 22, 2018
PRIM
Jun 22, 2018 | 08:49 EDT
DA Davidson analyst Brent Thielman raised his price target on Primoris to $34 after holding talks with its management, saying he came away "increasingly bullish" about the company's prospects around the Willbros integration, pipeline and Gulf Coast industrial construction opportunities. Thielman adds that he is also positive on Primoris' bookings and backlog growth as well as its earnings upside beyond Q2 amid opportunities in the Power, Industrial, and Engineering markets. The analyst keeps his Buy rating on the stock.
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