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Goldman Sachs upgraded Evercore (NYSE:EVR) stock to Buy from Neutral in a recent note as analyst James Yaro expects the investment banking advisory firm to sustain its trajectory of strong revenue growth and further expand its market share.
With robust top and bottom line growth, as well as increased revenue contribution from advisory, “we see outperformance potential,” he wrote in a Tuesday note to clients.
Yaro also pointed to the company’s “best-in-class skew to parts of the cycle that we expect to outperform.”
Goldman’s Buy rating differs from the SA Quant system rating of Hold and agrees with the average Wall Street analyst rating of Buy.
(EVR) shares dipped 2.2% in Wednesday morning trading.
