Bank Of America Initiates Coverage On Evercore With Buy Rating

According to Bank of America, Evercore (NYSE: EVR) coverage is initiated with a Buy rating.

Bank of America said that EVR is the fastest growing independent M&A and restructuring advisor in the world and now ranks as one of the more regular advisors of the largest and most important transactions in the world. “Our PO of $38 is based on a sum-of-the parts valuation.”

Evercore closed yesterday at $25.79.