TMCnet News
Downgrade Alert for Evercore Partners (EVR)Mar 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Evercore Partners (NYSE:EVR) was downgraded from Outperform to Market Perform at JMP Securities today. The stock closed yesterday at $43.85 on volume of 349,000 shares, below average daily volume of 474,000. Evercore Partners (NYSE:EVR) is currently priced 0.6% above its average consensus analyst price target of $43.60. The stock should find initial support at its 50-day moving average (MA) of $38.89 and further support at its 200-day MA of $29.17. Evercore Partners share prices have moved between a 52-week high of $44.53 and a 52-week low of $20.57 and closed yesterday at 113% above that low price at $43.85 per share. The 200-day and 50-day moving averages have moved 1.34% higher and 2.41% higher over the past week, respectively. Evercore Partners Inc. is an investment banking boutique. The firm provides advisory services to multinational corporations on mergers, acquisitions, divestitures, restructurings and other corporate transactions. Evercore also manages private equity funds for institutional investors. SmarTrend recommended that subscribers consider buying shares of Evercore Partners on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.71. Since that recommendation, shares of Evercore Partners have risen 58.3%. We continue to monitor EVR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |