Piper Jaffray
Piper Jaffray is a client-focused, middle market investment bank and institutional securities firm founded in 1895 and based in Minneapolis, Minnesota.
Its Investment Banking activities include raising capital through equity and debt financings for corporate clients; providing financial advisory services relating to mergers and acquisitions to consumer, financial institutions, health care, technology, alternative energy, business services, and industrial growth sectors; underwriting debt issuances for government and non-profit clients; and providing financial advisory and interest rate risk management services.
The company's equity and fixed income institutional sales and trading activities include equity and fixed income advisory and trade execution services for public and private corporations, public entities, non-profit clients, and institutional investors.
UPGRADES:
Rochdale upgrades Wal-Mart (NYSE: WMT) from Hold to Buy, saying it is time to step up and buy. The firm lifted their price targt to $65 per share, implying 25.5% upside. Click here for more color on the upgrade.
Fox-Pitt Kelton upgrades BB & T Corp. (NYSE: BBT) from Underperform ...
AtriCure, Inc. (Nasdaq: ATRC) 71.4% HIGHER; reports Q1 adj-loss of $0.08, versus the analyst estimate of ($0.19). Revenue for the quarter was $13.7 million, versus the consensus of $12.72 million. On May 1, 2009 the Company entered into a $10 million credit facility with Silicon Valley Bank.
Allis-Chalmers Energy (NYSE: ALY) 29.5% HIGHER; despite an Q4 earnings miss reported yesterday morning, shares of Allis-Chalmers surged more than 40%. Upside momentum is continuing today.
Pegasystems Inc. (NASDAQ: PEGA) 28.8% HIGHER; reports Q1 EPS of $0.23, 13 cents better than the analyst estimate of $0.10. Revenue for the ...
UPGRADES:
JP Morgan upgrades Research in Motion (Nasdaq: RIMM) from Underweight to Neutral.
BofA upgrades MGM MIRAGE (NYSE: MGM) and Las Vegas Sands (NYSE: LVS) to Buy and Neutral, respectively.
Auriga upgrades McKesson (NYSE: MCK) to Buy. Price target $48. Click here for ...
CallWave, Inc. (NASDAQ: CALL) 36.3% HIGHER; announced that it is offering to purchase shares of its common stock in a tender offer for $1.15 per share. The offer price represents a premium of approximately 44% to the closing price of the Company's common shares of $0.80 on the NASDAQ as of the close of business on May 4, 2009. Click here for the full report.
Cell Therapeutics, Inc. (Nasdaq: CTIC) 28.9% HIGHER; today announced that pixantrone is now available on a named-patient basis in Europe. Click here for the full report.
AtriCure, Inc. (Nasdaq: ATRC) 27.1% HIGHER; reports Q1 adj-loss of $0.08, versus the analyst estimate of ($0.19). Revenue for the quarter was $13.7 million, versus the consensus of $12.72 million. On May 1, 2009 the Company entered into a $10 million credit facility with Silicon Valley Bank.
Pegasystems Inc. (NASDAQ: PEGA) 26.8% HIGHER; reports Q1 ...
Piper Jaffray & Co. downgrades NetSuite, Inc. (NYSE: N) from Neutral to Sell.
Piper analyst says, "With the approaching competitive entry of industry giant SAP (NYSE: SAP) into NetSuite's core market, and a likelihood of ...
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Notable Analyst Rating Changes 9/16: GM, F, MER, N Upgraded; NOC, BRCM, LLY Downgraded
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Piper Jaffray Upgrades NetSuite (N) to Neutral
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Pre-Open Movers 5/2: Investools (SWIM) Sinks After Results; Barnes Group (B) Up on Strong Results/Guidance
