Morgan Stanley Raises Evercore (EVR) Target While Goldman Sa…
Insider Monkey – Free Hedge Fund and Insider Trading Data (Vardah Gill)Evercore Inc. (NYSE:EVR) is included among the 15 Cash-Rich Dividend Stocks to Invest in Right Now.
Morgan Stanley raised its price recommendation on Evercore Inc. (NYSE:EVR) to $384 from $381 on April 9. It reiterated an Equal Weight rating on the shares. The firm expects midcap advisor management teams to strike a cautiously optimistic tone given recent market volatility. That said, comp ratios could come in below expectations as management teams wait for clearer visibility into the full-year revenue picture.
Goldman Sachs took a different view on April 1, trimming its price target on Evercore to $335 from $383 while holding onto its Buy rating. The firm pointed to what it sees as idiosyncratic strength in the stock, noting continued M&A backlog momentum that has significantly outperformed peers, along with a tilt toward large-cap and strategic M&A that should outperform.
Evercore Inc. (NYSE:EVR) is an investment banking and investment management company. It operates through two segments: Investment Banking & Equities and Investment Management.
[im-yf-promo]
While we acknowledge the potential of EVR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
[/im-yf-promo]
While we acknowledge the risk and potential of EVR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EVR and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 13 NASDAQ Stocks with Highest Dividends and 15 Best Cheap Dividend Stocks to Buy
Disclosure: None. Follow Insider Monkey on Google News.
Generated by RSStT. The copyright belongs to the original author.