Evercore Inc Class A

EVR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$887.00	Njwlbxm	Nwqvmknd

Reducing Our Fair Value for Evercore to $158; Shares Undervalued Though Near Term Will Be Choppy

Michael Wong

Aug 22, 2022

Business Strategy and Outlook

Starting in the back half of 2020 and especially after successful COVID-19 vaccines were announced, merger and acquisition volume picked up. Merger volume has been exceptionally strong, and we believe it will normalize lower over the next several years.

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