Goldman Sachs upgraded Piper Sandler (PIPR) to Buy from Neutral with a price target of $386, up from $368, which offers 19% total return. The firm sees Piper’s “best-in-class” exposure to the capital markets driving above-average revenue growth through 2027. Mid-cap merger and acquisitions, which Piper is best exposed, could accelerate quickly given the short deal timelines, the analyst tells investors in a research note. Goldman adds the company offers “unique” exposure to financials capital markets activity.
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