As previously reported, JMP Securities analyst Devin Ryan upgraded Evercore Partners to Outperform from Market Perform after having hosted a series of meetings with senior management and investment banking heads from a number of public advisory firms. Several companies that were involved in the firm's "Independent Advisory Day" started the year with a softer quarter, but Ryan said he believes each clearly feels "pretty good" about the current state of the advisory market. He thinks the expectation for most is for similar revenue in 2019 compared to 2018, "plus or minus," which in some cases would be a win relative to where he believes the current market expectation is, Ryan stated. He set a $100 price target on Evercore shares.