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

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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