Evercore ISI keeps Outperform on three stocks but cuts their price targets
Evercore ISI maintained Outperform ratings on Applied Materials, SOLV Energy and ERock and lowered their price targets, according to TradingView.
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what happened
Evercore ISI Group kept its Outperform rating on Applied Materials, SOLV Energy and ERock but lowered the price targets on all three. The Applied Materials target was cut from $590 to $430, a 27.1% reduction, against a November 12 close of $380.95. The SOLV Energy target fell from $51 to $43, down 15.7%, while the ERock target dropped from $28 to $20, down 28.6%. The information comes from TradingView.
why it matters
A price target cut by a single brokerage usually affects individual stocks rather than the market as a whole. Investors tend to read such moves as a sign that expectations for these companies are shifting, even though the rating itself stayed unchanged.
tags
instruments
sources
- Evercore ISI Group maintains Applied Materials at Outperform, lowers price target to $430 from $590 — TradingView, 13 November 2026 at 13:51 UTC
- Evercore ISI Group maintains SOLV Energy at Outperform, lowers price target to $43 from $51 — TradingView, 13 November 2026 at 13:55 UTC
- Evercore ISI Group maintains ERock at Outperform, lowers price target to $20 from $28 — TradingView, 13 November 2026 at 13:53 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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