Evercore price target raised to $251 from $223 at Goldman Sachs

Goldman Sachs analyst James Yaro raised the firm’s price target on Evercore to $251 from $223 and keeps a Neutral rating on the shares. The analyst cites the company’s Q2 earnings beat, along with the management striking a “constructive tone” on the broadening M&A recovery, noting building dialogues and backlogs in most of the business, as well as havnig an “improving tone” around the long-awaited improvement in sponsor activity and that European dealmaking appears set to build as well, the analyst tells investors in a research note.