Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - Deutsche Bank initiated coverage of Evercore Partners (NYSE:EVR) with a Buy rating and a $400 price target on Thursday. According to InvestingPro data, this target aligns with the current analyst consensus, as the stock trades near its Fair Value with a PEG ratio of 0.52, indicating attractive growth prospects relative to its valuation.
The investment bank named Evercore its top pick, citing the company’s "compelling risk/reward profile" based on strong leverage to an accelerating merger and acquisition cycle, strategic growth initiatives, and attractive valuation. The company has demonstrated strong financial performance, with revenue growing 23.4% in the last twelve months.
Deutsche Bank noted that Evercore is well-positioned for a multi-year M&A rebound, pointing to the company’s peer-leading managing director productivity metrics and above-average deal size as evidence.
The bank acknowledged recent share appreciation has set high expectations but emphasized that Evercore still trades at a "meaningful discount to peers," which appears to undervalue the company’s earnings growth potential over the next few years.
Deutsche Bank also highlighted that the market seems to overlook Evercore’s recent revenue diversification efforts, which further supports the positive outlook for the financial advisory firm.
In other recent news, Evercore Inc. reported its second-quarter 2025 earnings, significantly surpassing expectations. The company achieved an adjusted earnings per share of $2.42, well above the forecasted $1.74, marking a 39.08% surprise. Additionally, Evercore outperformed revenue forecasts, reporting $833.8 million compared to the expected $704.4 million. These results were delivered amid improving market conditions and strategic expansions. In another development, BMO Capital initiated coverage of Evercore Partners with a Market Perform rating and set a price target of $358.00. BMO Capital expressed confidence in Evercore’s long-term growth potential but noted concerns about the company’s ability to meet consensus estimates in the current merger and acquisition environment. These recent developments provide investors with insights into Evercore’s current financial performance and market positioning.
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