Goldman Sachs Downgrades Evercore to Neutral, Lowers Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst James Yaro has downgraded Evercore (NYSE:EVR) from Buy to Neutral and lowered the price target from $158 to $140.

August 22, 2023 | 9:17 am
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Evercore's rating has been downgraded from Buy to Neutral by Goldman Sachs, with a lowered price target of $140.
The downgrade from Buy to Neutral by a major analyst like Goldman Sachs indicates a less optimistic outlook for Evercore. The lowered price target from $158 to $140 also suggests that the analyst sees less upside potential in the stock, which could negatively impact its short-term price.
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IMPORTANCE 80
RELEVANCE 100