Market Overview

UPDATE: DA Davidson Downgrades Primoris Services Corporation to Neutral on Price Gains

Related PRIM
18 Biggest Mid-Day Gainers For Thursday
Benzinga's Top Upgrades

DA Davidson downgraded Primoris Services Corporation (NASDAQ: PRIM) from Buy to Neutral and raised the price target from $18.50 to $20.00.

DA Davidson said, "We are reducing our rating on the shares of Primoris to NEUTRAL from Buy to reflect the shares' substantial recent appreciation, up over 50% during the past six months, including 25% over the past month. … We continue to view the company as well positioned to leverage increased investment in gas pipeline construction across North America as well as industrial and civil projects along the Gulf Coast. Following slightly lower expected earnings in 2012, we look for these markets and the company's project execution to support higher earnings."

Primoris Services Corporation closed at $19.06 on Monday.

Latest Ratings for PRIM

Aug 2016Seaport GlobalUpgradesNeutralBuy
Apr 2016Canaccord GenuityInitiates Coverage onHold
Mar 2016DA DavidsonMaintainsBuy

View More Analyst Ratings for PRIM
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Downgrades Analyst Ratings


Related Articles (PRIM)

View Comments and Join the Discussion!