Evercore Inc Class A
EVR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|LL | LOCK|@p$D | LOCK|r$%Ty#% |
Evercore Earnings: Continued Capitalization on Capital Markets and Advisory Reacceleration
Narrow-moat-rated Evercore reported a strong finish to 2024, highlighted by revenue growth and operating margin expansion as the business continues to capitalize on the reacceleration in broader advisory and capital markets activity. We do not plan on changing our $215 fair value estimate for the firm as we incorporate fourth-quarter results and continue to view shares as overvalued.
