Evercore Partners (EVR)

[Bart Myers]

Goldman Sachs is out with its report today on Evercore Partners (NYSE: EVR), lowering its PT from $43 to $42.

In a note to clients, Goldman Sachs writes, "We lower our 2Q and 2011/2012/2013 EPS estimates to $0.42 and $1.60/$2.50/$3.20 from $0.57 and $1.85/$2.60/$3.30 to reflect guidance, the impact of the Lexicon transaction, inclusion of primary share issuance, and a more conservative revenue/banker estimate. Our 12-month price target goes to $42 (from $43), and we see 21% upside over that time period."

Goldman Sachs maintains Buy on EVR.


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1165790/update-goldman-sachs-lowers-pt-on-evercore-partners-to-4#ixzz1PGFCogv4