Wolfe Research analyst Steven Chubak lowered the firm’s price target on Evercore (EVR) to $311 from $322 and keeps an Outperform rating on the shares as part of a 2025 playbook for the brokers, asset managers, and exchanges. The firm is “getting selective as valuations look stretched.” After a “banner year” for financials, Wolfe is most positive on names with secular growth stories and exposure to “Trump tailwinds,” the analyst tells investors in a research note.
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Read More on EVR:
- Evercore upgraded to Outperform from Market Perform at Keefe Bruyette
- Supermicro considering raising equity and debt, Bloomberg reports
- Jefferies Financial upgraded to Overweight from Equal Weight at Morgan Stanley
- Moelis upgraded to Overweight from Underweight at Morgan Stanley
- Evercore price target raised to $400 from $308 at Morgan Stanley
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