Morgan Stanley Reiterates Overweight on Evercore, Maintains $153 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny has reiterated an Overweight rating on Evercore (NYSE:EVR) and maintained a price target of $153.

July 27, 2023 | 4:19 pm
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Evercore's stock rating has been reiterated as Overweight by Morgan Stanley, with a maintained price target of $153.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley generally indicates a positive outlook for the stock. The maintained price target of $153 also suggests that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100