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Fly News Breaks for October 4, 2019
PJC
Oct 4, 2019 | 08:24 EDT
Buckingham analyst James Mitchell initiated coverage of Piper Jaffray with a Neutral rating and $80 price target. In a research note to investors, Mitchell says Piper Jaffray, soon to be Piper Sandler Cos, is a proven market share gainer with a long runway for consolidating the fragmented landscape for middle market financial advisory services. That said, he anticipates a better entry point forthcoming and view the stock's current valuation as fair given cyclical and execution-related risks.
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