Evertec price target raised to $42 from $39 at Raymond James

Raymond James analyst John Davis raised the firm’s price target on Evertec (EVTC) to $42 from $39 and keeps an Outperform rating on the shares. The Q1 results featured a 9% adjusted beat on 5% top line upside relative to the Street, the analyst tells investors in a research note. The firm expects estimates to be largely unchanged, although the organic acceleration is the clear highlight.