META - EVERCORE REMOVES META FROM TOP PICK LIST Evercore ISI removed Meta from its TAP Outperform List but maintained an Outperform rating,

META - EVERCORE REMOVES META FROM TOP PICK LIST Evercore ISI removed Meta from its TAP Outperform List but maintained an Outperform rating, cutting its price target to $820 from $930. The firm cited rising AI spending, limited visibility on future capex, and a lack of clear AI monetization, despite solid Q2 results that modestly beat expectations.