Evercore Pt cut 20 from 26, per schaeffers research, reasons not sure. If anyone knows pls post
Ravi, this is probably just to adjust Evercore's price target to be more in line with current share price -- which has been savaged by shorts who knew ATT's announcement in advance.
$26 is more than a double from here, so a $20 PT is more reasonable. With a lower PT, that gives Evercore headroom to have PT raises.
agreed, however couldnt find any info on what triggered the downgrade. what is evercore's reason for downgrade, is it competition from AT&T 2 years down the line or following the market after huge selloff
Sentiment: Strong Buy