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From Seeking Alpha
Goldman Sachs analyst Richard Ramsden upgrades Evercore (NYSE:EVR) to Buy and downgrades Moelis (NYSE:MC) to Sell.He sees independent advisers faring better than the broader financial sector on an "expected pickup across the M&A and restructuring" and few headwinds from low interest rates and credit losses.Notes that the group's Q2 earnings came in better than expected on revenue beats and "strong non-comp leverage."Market may be undestimating Evercore's "margin defensibility and growth potential" from its better M&A backlog.On Moelis, he expects outsized margin pressure as MC's focus is on growing through the cycle.Ramsden likes advisers with diversified revenue mix, such as Buy-rated Houlihan Lokey (NYSE:HLI), PJT Partners (NYSE:PJT), and EVR.Compare total return of Ramsden's Buy-rated advisers with XLF:
From Real Money
From Market News Video
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Evercore Inc Class A (EVR) was identified as having a larger market cap than the smaller end of the S&P 500, for example Under Armour Inc (UAA), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..