Evercore Partners (EVR)

Our PAST TOP PICK with EVR has triggered its stop at $310.  To remain disciplined, we recommend covering the position at this time.  When combined with previous guidance, this will result in a net investment loss of 7%

Our PAST TOP PICK with EVR is progressing well.  To remain disciplined, we recommend trailing up the stop (from $282) to $310 at this time.  

We reiterate this independent investment banking firm that provides strategic advisory, capital markets, and wealth management services to corporations, financial sponsors, and high-net-worth individuals as a TOP PICK.  Revenue growth has averaged 36% annually over the past two years and EPS has grown 70% annually as well.  Cash reserves are growing as shares are aggressively bought back -- albeit with slightly higher debt.  We continue to recommend a stop at $282, looking to achieve $410 -- upside potential of 18%.  Yield 1.0%

Our PAST TOP PICK with EVR is progressing well.  To remain disciplined, we recommend trailing up the stop (from $256) to $282 at this time.  

EVR is a private equity and advisory company focusing on mergers and acquisitions.  Recently reported earnings showed a 26% beat on EPS, which has grown 11% annually for the past five years.  Analysts expect growth in earnings to accelerate to over 20% annually over the next five years.  It trades at 23x earnings and supports a robust 31% ROE.  Cash reserves are growing, while shares are bought back.  We recommend setting a stop-loss at $256, looking to achieve $404 -- upside potential of 24%.  Yield 1%