Stock Pick #7 – Evercore
Recommended by: Hilary Kramer, editor of GameChangers
Evercore (NYSE: EVR) is a financial stock with big potential. The company is an independent investment advisory firm that specializes in mergers, acquisitions and other “corporate transitions.” In the new world of finance and with the current corporate marketplace still adapting in the wake of the financial crisis and the recession, EVR is helping form the next generation of Wall Street companies — and making a hefty profit doing so.
The right management team is in place, and assets under management are growing — and most of all, M&A activity will pick up seasonally as we head toward the end of the year and as the economy recovers. I continue to target $40 — a nearly 60% gain from current prices.
Red-Hot Trades Sent Right to Your Inbox! Complete with chart and trading target, this daily stock or ETF pick is e-mailed to you each trading day before the market open. InvestorPlace’s Chief Technical Analyst Sam Collins also gives you his take on what’s slated to impact your portfolio during the trading day. Click here to subscribe to Daily Trader’s Alert — it’s FREE!