Evercore's Valuation Discount to Peers Could Narrow, Deutsche Bank Says

01:37 PM EDT, 09/04/2026 (MT Newswires) -- Evercore's (EVR) valuation "discount to peers" could narrow as continued "revenue momentum," advisory market-share gains, stable margins and moderating non-compensation cost growth support a re-rating of the shares, Deutsche Bank said in a report Friday. Evercore shares are down about 15% this year, compared with an 11% decline for the peer group, with much of the "underperformance" following the company's Q2 results in late July. The stock now trades at about 13 times 2027 consensus earnings, a 10% to 15% "discount to peers" versus a historical discount of 3% to 5%, according to the note. Deutsche Bank said concerns about a "late cycle" environment, below-average earnings growth expectations and structurally "higher cost ratios" have weighed on the shares, the note added. Deutsche Bank has a buy rating on Evercore with a price target of $375. Price: 296.27, Change: -0.64, Percent Change: -0.22