UBS Upgrades Primoris Services Corporation to "Buy"

Company Overview - Primoris Services Corporation (NASDAQ:PRIM) has been upgraded to a "Buy" rating by UBS, with a new price target set at $158 from the previous $135, reflecting confidence in the company's future performance [1][6] - The current stock price of PRIM is $137.33, which represents a 1.95% increase, or $2.63, with fluctuations between $134.80 and $137.60 on the day [3][6] - Primoris Services has a market capitalization of approximately $7.42 billion, indicating its significant size and influence within the Construction sector [4][6] Industry Context - Primoris Services operates in the Construction sector, which includes 88 individual stocks and ranks 15 in the Zacks Sector Rank, suggesting a positive earnings outlook for the sector [2][6] - The strong market position and positive stock movement of Primoris Services suggest it may be a favorable investment within the Construction sector [5]