Morgan Stanley analyst Ryan Kenny upgraded Evercore (EVR) to Overweight from Equal Weight with a price target of $312, up from $175. The firm, which also raised its Midcap Advisors Industry View to In-Line due to improving market conditions for dealmaking, expects the pipeline to start moving again, driven by rapidly improving market conditions, regulatory clarity, significant pent-up demand, and structural drivers of M&A, the analyst tells investors in a group note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVR:
- Evercore Partners Files Routine Regulatory Report
- Shares in “Eat What You Kill” Investment Bank Evercore Soar as it Ramps Up European Expansion
- Evercore price target raised to $257 from $238 at Keefe Bruyette
- Evercore Partners Reports Strong Q1 2025 Results
- Evercore Partners’ Earnings Call: Growth Amid Volatility