
Primoris upgraded at Mizuho on bookings growth opportunity after Q1 miss

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Primoris Services (PRIM) saw a 10.4% increase in trading after Mizuho upgraded its shares from Neutral to Outperform, setting a price target of $135. This upgrade follows a post-Q1 pullback, with Mizuho believing that the company's renewable execution issues are temporary and now adequately reflected in its estimates and valuation.

