Keefe Bruyette analyst Alex Bond raised the firm’s price target on Evercore (EVR) to $370 from $365 and keeps an Outperform rating on the shares. The company reported a strong advisory revenue beat and a lower quarter-over-quarter comp ratio in Q2, the analyst tells investors in a research note. The firm upped estimates for Evercore to reflect a strengthening backdrop and continues to view the company as the best way to play a recovery in merger volumes.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVR: