Evercore price target raised to $234 from $214 at Goldman Sachs

Goldman Sachs analyst James Yaro raised the firm’s price target on Evercore (EVR) to $234 from $214 and keeps a Buy rating on the shares after its Q1 earnings beat. This quarter evidenced a higher level of durable, non-M&A revenue than many investors had previously contemplated thanks to the company’s investments into secondaries, restructuring, capital markets, and equities trading, the analyst tells investors in a research note.