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Enter Symbol:
 
Primoris Services Corporation (PRIM) [hlAlert]

Rating:
Buy PRIM
up 138.16 %

RHAPSODY ACQUISITION (PRIM) rated Buy with price target $11 by Morgan Joseph

Posted on: Monday,  Mar 15, 2010  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Primoris Services Corporation (NASDAQ: PRIM) on 03/15/2010. Previously Morgan Joseph rated Buy Primoris Services Corporation (NASDAQ: PRIM) on
09/17/2009., when the stock price was $7.10. Since then, Primoris Services Corporation has gained 138.17% as of 01/28/2016's recent price of $16.91.
If you would have followed the previous Morgan Joseph's recommendation on PRIM, you would have gained 138.16% of your investment in 2324 days.

Primoris Services Corporation (Primoris) is a holding company of various subsidiaries, which form a diversified engineering and construction company providing a range of construction, fabrication, maintenance, replacement and engineering services to public utilities, petrochemical companies, energy companies, municipalities and other customers. Primoris installs, replaces, repairs and rehabilitates natural gas, refined product, water and wastewater pipeline systems, and also constructs mechanical facilities and other structures, including power plants, petrochemical facilities, refineries and parking structures. The Company provides services in two business segments: Construction Services and Engineering. On July 31, 2008, the Company completed a merger of Rhapsody Acquisition Corp. and Primoris Corporation (Former Primoris). In August 2009, the Company formed a wholly owned subsidiary, Primoris Renewables. In October 2009, the Company acquired Cravens Partners, Ltd.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/15/2010 8:25 AM Buy
None
8.36 11.00
as of 12/31/2010
1 Week down  -8.69 %
1 Month down  -2.60 %
3 Months up  31.65 %
1 YTD up  8.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2009 8:25 AM Buy
None
7.10 9.00

(*) Stock Price at the time of the recommendation.
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