RBC Upgrades Everest Group to Moderate Buy
Royal Bank of Canada (RBC) has upgraded its rating for Everest Group (NYSE:EG) to 'moderate buy' in a recent research report, according to Zacks.
This upgrade is not an isolated event; multiple analysts have revised their opinions on the company over the past few months. Cantor Fitzgerald lifted their price target from $344 to $390 with a neutral rating, while TD Cowen increased its price objective from $365 to $385 with a hold rating.
UBS Group also upped its price target from $374 to $395 and maintained a neutral rating. Meanwhile, Morgan Stanley raised its price objective from $355 to $360 with an equal weight rating.
The average rating for Everest Group currently stands at 'hold' with a consensus target price of $409.50 based on data from MarketBeat.com. The company's stock has opened at $372.46 this Tuesday, and the 50-day moving average price is $375.25.