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Fly News Breaks for January 7, 2019
EVR
Jan 7, 2019 | 06:40 EDT
Goldman Sachs analyst Richard Ramsden downgraded Evercore Partners to Sell and lowered his price target for the shares to $66 from $93. The analyst expects the M&A environment will weaken in 2019 as slower deal trends in Q4 continue into the new year. Among the Americas Advisors, the analyst believes Evercore has the greatest risk of negative earnings estimate revisions.
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