Evercore Upgrades Spotify (SPOT)

Bearish view changes after stock correction. Spotify (SPOT) was recently upgraded by Evercore, from underperform to in-line, with a price target of $110. Evercore had previously downgraded the company when shares were near $150, citing valuation and the market’s optimistic view on the company’s margin improvement. With shares of Spotify currently around $113, the upgrade […]