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UPDATE: Goldman Sachs Upgrades Evercore Partners to Neutral on Near-Term Growth Profile

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Goldman Sachs raised its rating on Evercore Partners (NYSE: EVR) from Sell to Neutral and increased its price target from $22 to $28.

Goldman Sachs said, "We are upgrading shares of EVR to Neutral from Sell, as we believe Street estimates now more accurately reflect the firm's near-term growth profile (2013 consensus EPS is down 20% since Jun-12), now more inline with GS estimates. Moreover, management highlighted improving backlogs that are yet to show up in public domain, creating an upward bias to expectations."

Evercore Partners closed at $27.49 on Friday.

Latest Ratings for EVR

DateFirmActionFromTo
Jun 2018Bank of AmericaMaintainsBuyBuy
Jan 2018UBSUpgradesNeutralBuy
Nov 2017NomuraMaintainsNeutral

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Posted-In: Goldman SachsAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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