Evercore Upgrades ERock (NYSE:EROC) to “Strong-Buy”

ERock (NYSE:EROC) was upgraded by analysts at Evercore to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Guggenheim began coverage on ERock in a research note on Monday. They issued a “buy” rating and a $23.00 price target for the company. Morgan Stanley assumed coverage on ERock in a research report on Monday. They set an “overweight” rating and a $21.00 price objective on the stock. BNP Paribas Exane set a $22.00 target price on ERock and gave the stock an “outperform” rating in a report on Monday. Barclays initiated coverage on shares of ERock in a research report on Monday. They issued an “overweight” rating and a $23.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on shares of ERock in a research note on Monday. They issued an “overweight” rating and a $24.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $22.62.

ERock Stock Down 6.6%

Shares of ERock stock traded down $0.94 on Monday, hitting $13.32. The stock had a trading volume of 126,898 shares, compared to its average volume of 2,516,990. ERock has a twelve month low of $13.02 and a twelve month high of $20.70.