KBW and Wolfe Raise Evercore (EVR) Price Targets, Stay Bullish into 2026

Group 1: Investment Ratings and Price Targets - Keefe Bruyette raised its price target on Evercore Inc. to $425 from $396 and maintained an Outperform rating [2] - Wolfe Research increased its price target on Evercore to $406 from $367 and reiterated an Outperform rating, highlighting it as a top pick in the retail brokers and alternative managers subsectors [3] Group 2: Expansion and Operations - Evercore announced progress on its Middle East expansion, receiving an Arranging License from the Capital Markets Authority in Saudi Arabia and planning to open an office in Riyadh [4] - The new Riyadh office will be led by Mohammed Aldekmary, who has experience in the firm's Dubai office and will serve as CEO of Saudi Arabia and Head of Arranging [4] Group 3: Company Overview - Evercore Inc. operates as an investment banking and investment management company, with segments in Investment Banking & Equities and Investment Management [5]