KBW Has Market Perform On Evercore Partners (EVR)

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%.