Guggenheim sees potential in Primoris, starts with a Buy

As previously reported, Guggenheim analyst Joseph Osha initiated coverage of Primoris (PRIM) with a Buy rating and $102 price target The firm sees “significant potential” for improvement in financial performance, but argues that potential does not appear to be reflected in the current stock price. The potential for continued improvement in the business, particularly as the company returns to a more organic growth profile in 2026, merits a higher valuation, the analyst tells investors.