Evercore price target raised to $365 from $257 at Keefe Bruyette

Keefe Bruyette analyst Alex Bond raised the firm’s price target on Evercore (EVR) to $365 from $257 and keeps an Outperform rating on the shares following a transfer of coverage. The firm believes the merger and acquisition environment should continue to improve gradually throughout the second half of the year. While policy and geopolitical uncertainty remain a risk, deal pipelines are still near all-time highs, the analyst tells investors in a research note.