KBW has a Market Perform rating and a $36.50 price target on shares of Evercore Partners EVR after it reported earnings.
In a note to investors, KBW writes, "EVR reported a solid quarter due to higher-than-forecast investment banking revenue more than offsetting weaker-than-expected results in investment management. Overall, mgmt is very positive on the M&A outlook and continues to make significant new hires. Raising 2011 EPS est. and raising price target to $36.50. Maintain Market
Perform rating."
Shares of EVR are down 13 cents to $34.17, a loss of 0.4%.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in