Keefe, Bruyette & Woods Reinstates Market Perform on Evercore, Announces $193 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Brown has reinstated coverage on Evercore (NYSE:EVR) with a 'Market Perform' rating and set a price target of $193.

January 29, 2024 | 11:33 am
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NEUTRAL IMPACT
Evercore has been reinstated by Keefe, Bruyette & Woods with a 'Market Perform' rating and a price target of $193.
The reinstatement of coverage with a 'Market Perform' rating suggests a neutral outlook on Evercore's stock, indicating that the stock is expected to perform in line with the market or sector. The $193 price target provides a specific expectation for the stock's future price level. However, since 'Market Perform' is not a strong buy or sell signal, the short-term impact on the stock price may be moderate. The confidence in this analysis is high due to the direct mention of Evercore and the clear price target provided by a reputable analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100