Evercore ISI Group Initiates Coverage On Everest Group with In-Line Rating, Announces Price Target of $431
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Motemaden has initiated coverage on Everest Group (NYSE:EG) with an In-Line rating and set a price target of $431 for the company's stock.

December 14, 2023 | 12:53 pm
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NEUTRAL IMPACT
Everest Group received an In-Line rating from Evercore ISI Group with a price target of $431, indicating analyst expectations of performance in line with the market.
The initiation of coverage by Evercore ISI Group with an In-Line rating suggests that the analyst believes Everest Group's stock performance will be on par with the sector or market average. The price target of $431 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the rating directly pertains to Everest Group, and the importance is moderate because analyst ratings can influence investor perception and stock price. The confidence level is high due to the clear and direct nature of analyst coverage initiations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80