Shares of Evercore Partners (EVR) Down 5.5%

Shares of Evercore Partners Inc (NYSE: EVR) closed Monday trading down 5.55% at $29.96 per share.

Volume of 244,149 shares was 1.34 times higher than the daily average volume of 181,619 shares.

Shares of Evercore Partners Inc traded between $29.86 and $31.88 per share during the trading day.

Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham removed Evercore Partners Inc from their Conviction Buy List and lowered the price target to $38 per share, down from the previous price target of $40.

The analysts said the moves were due to reduced 20011 EPS estimates.