UBS Starts Evercore Partners (EVR) at Neutral

UBS initiates coverage on Evercore Partners (NYSE: EVR) with a Neutral and $28 price target.

The analyst comments, "The current environment could provide EVR with another opportunity to gain market share, as bulge bracket firms are facing considerable regulatory headwinds and cost cutting pressures. Further, EVR's ability to execute last cycle leaves us confident that they can enhance product offerings and geographic reach during the current difficult market environment."

For an analyst ratings summary and ratings history on Evercore Partners click here. For more ratings news on Evercore Partners click here.

Shares of Evercore Partners closed at $27.29 yesterday.

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