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:
Citigroup upgrades American Express Company (NYSE: AXP) from Hold to Buy, saying credit has stabilized. The firm lifted their price target to $36. Citi also added shares of AmEx to its Top Picks Live list.
Sanford C. Bernstein upgrades MGM Mirage (NYSE: MGM) from Underperform to Market Perform and lifted their price target from $7 to $9, citing a more stable financial envoirnment.
Keefe, Bruyette & Woods upgrades Fortress Investment Group LLC (NYSE: FIG) to Outperform. Price target $6.50. Here is the ...
NovaGold (NYSE: NG) 55.8% HIGHER; gold stocks are surging today as the underlying commodity (for December delivery) is popping, up about $25 to $867. Gold is seeing strength today as the dollar is once again showing weakness.
Satyam Computer Services (NYSE: SAY) 36.1% HIGHER; said it is not going ahead with its proposed acquisition of Maytas Properties and Maytas Infra, in light of the feedback received from the Investor community. Commenting on this decision, Satyam Chairman, Mr. Raju said, "We have been surprised by the market reaction to this decision even though we were quite positive about the merits of the acquisition. However, in deference to the views expressed by many investors, we have ...
