Morgan Stanley Raises Evercore (EVR) Target While Goldman Sachs Cuts on Valuation Reset

Evercore Inc. (NYSE:EVR) is included among the 15 Cash-Rich Dividend Stocks to Invest in Right Now.

Morgan Stanley raised its price recommendation on Evercore Inc. (NYSE:EVR) to $384 from $381 on April 9. It reiterated an Equal Weight rating on the shares. The firm expects midcap advisor management teams to strike a cautiously optimistic tone given recent market volatility. That said, comp ratios could come in below expectations as management teams wait for clearer visibility into the full-year revenue picture.

Goldman Sachs took a different view on April 1, trimming its price target on Evercore to $335 from $383 while holding onto its Buy rating. The firm pointed to what it sees as idiosyncratic strength in the stock, noting continued M&A backlog momentum that has significantly outperformed peers, along with a tilt toward large-cap and strategic M&A that should outperform.

Evercore Inc. (NYSE:EVR) is an investment banking and investment management company. It operates through two segments: Investment Banking & Equities and Investment Management.

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