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Nomura Securities Starts Lazard (LAZ) at Neutral

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Nomura Securities Starts Evercore Partners (EVR) at Buy, $72 PT

January 9, 2014 7:53 AM EST

Nomura Securities initiates coverage on Evercore Partners (NYSE: EVR) with a Buy. PT $72.00.

"We believe that EVR should continue to take market share, given higher levels of SMD productivity and that reduced expense drag from new hires / growth initiatives should translate into ~500bp margin... More

Nomura Securities Starts Raymond James (RJF) at Buy, $60 PT

January 9, 2014 7:51 AM EST

Nomura Securities initiates coverage on Raymond James (NYSE: RJF) with a Buy. PT $60.00.

"We believe RJF is poised to outperform in 2014 as the firm is more exposed to areas with better growth prospects including Wealth / Asset Management and RJ Bank (80% of combined pre-tax... More