Wunderlich Securities Expects Strong 2H14 For Primoris Services Corp

In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $39.00 price target on

. In the report, Wunderlich Securities noted, “Primoris Services (PRIM) continues to build up its business from both a geographical and operational standpoint as it wins contracts and makes acquisitions to bolster its business; it should continue to improve as projects move from the engineering phase into the procurement and construction phases that Primoris is focused on. With considerable contracts expected to come to market during 2H14 and 2015 and the company's focus on building up its capabilities to take advantage of the expected increases, we look for Primoris to continue building considerable value through additional (and wider ranging) capabilities that should allow it to exhibit strong growth going forward.” Primoris Services Corp closed on Friday at $28.63.