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UPDATE: Evercore Partners Upgrades Monster Worldwide; Raises PT
Tuesday, March 6, 2012 - 10:11amAccording to a research report published earlier today, Evercore Partners has upgraded Monster Worldwide Inc. (NYSE: MWW) to Overweight, and increased PT from $11 to $12. “Despite near term market share loss and a very disappointing near term outlook (see our note dated February 1, 2012 “Post Q4...
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UPDATE: Evercore Partners Takeaways from CME Group Management Meeting; Raises PT
Monday, March 5, 2012 - 11:19amAccording to a research report published today by Evercore Partners, a recent meeting with CME Group's (NASDAQ: CME) management showed growth opportunities in a number of areas. “Greatest in near- to intermediate-term remains expansion of core platform globally, with a meaningful focus on Asia....
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UPDATE: Evercore Partners Initiates Equal-Weight, $31 Target on Thomson Reuters
Friday, March 2, 2012 - 1:06pmEvercore Partners initiates its coverage on Thomson Reuters (NYSE: TRI) with an Equal-weight rating and a price target of $31. Evercore Partners elaborates, "TRI is flying on one wing right now. Its large Professional division is exhibiting the legacy Thomson growth formula: modest organic...
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UPDATE: Evercore Partners Lowers Overseas Shipholding's PT
Wednesday, February 29, 2012 - 10:58amAccording to a research report published earlier today, Evercore Partners has decreased Overseas Shipholding Group Inc.'s (NYSE: OSG) PT from $14 to $8. Evercore Partners commented in the report, “Despite strong relative underperformance year-to-date and the fact that OSG is trading near its 52-...
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UPDATE: Evercore Partners Raises PT to $22 on Progressive
Tuesday, February 28, 2012 - 11:01amEvercore Partners raises its price target on Equal-weight-rated Progressive (NYSE: PGR) by $1 to $22 to reflect stronger policy-inforce (PIF) growth. Evercore Partners notes, "Since 2002, Progressive has traded on average at 13.5x FY1 EPS, with a high of 21.2x and a low of 9.4x, with average...
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UPDATE: Evercore Partners Raises PT to $570 on Priceline.com
Tuesday, February 28, 2012 - 10:55amEvercore Partners raises its price on Equal-weight rated Priceline.com (NASDAQ: PCLN) to $550, up $30, on higher profit contribution from faster-than-anticipated agency bookings. Evercore Partners notes, "Our new target presumes that Priceline can trade at a 13.0x EV/EBITDA multiple on our 2012...
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UPDATE: Evercore Partners Raises Target on Prosperity Bancshares to $41
Tuesday, February 28, 2012 - 10:47amEvercore Partners raises its price target on Prosperity Bancshares (NYSE: PB) to $41 from $40 on raised estimates due to accretion from American State Bank acquisition, but reiterates its Underweight rating on shares as current valuation appears full. Evercore Partners says, "We are raising our...
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UPDATE: Evercore Partners Raises Target to $61 on Charter Communications
Tuesday, February 28, 2012 - 10:42amEvercore Partners reiterates its Equal-weight rating on Charter Communications (NASDAQ: CHTR) and raises its price target to $61, up $2, on improving PSU growth, economy and strong local advertising market. Evercore Partners notes, "We're forecasting 5.3% revenue and 4.8% EBITDA growth in 2012,...
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Evercore Partners' First Impressions of Charter's 4Q11 Earnings
Monday, February 27, 2012 - 11:49amIn a research report published earlier today by Evercore Partners, Charter Communications Inc. (NASDAQ: CHTR) experienced better revenue performance in 4Q11. “Revenue growth of 2.6% exceeded our estimate by 80 bps, driven by stronger than expected data and voice ARPU combined with fewer video...
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UPDATE: Evercore Partners Initiates Coverage on Verisk Analytics
Monday, February 27, 2012 - 10:14amAccording to a research report published earlier today, Evercore Partners has initiated coverage on Verisk Analytics (NASDAQ: VRSK) with an Overweight rating and a $52 PT. Evercore Partners commented in the report, “VRSK enjoys a near-monopoly in aggregating and providing detailed actuarial and...
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