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Wolfe Research analyst upgrades Evercore Partners (NYSE: EVR) and raises price target

  • Evercore Partners (NYSE: EVR) upgraded from Peer Perform to Outperform by Wolfe Research
  • Analyst Steven Chubak did this after the stock’s recent retreat
  • He also increased price target from $108 to $114, quoting gains in market share and EPS

Evercore Partners has been upgraded from Peer Perform to Outperform by Wolfe Research analyst Steven Chubak. This followed the stock’s retreat since he started covering it nine months ago.

Chubak also increased his price target from $108 to $114 and pointed to the expected improvement in consensus forecasts following recent improvements in the firm’s market share and Earnings Per Share.