Piper Jaffary

Piper Jaffray analysts reiterated an Overweight rating for Nordstrom (NYSE:JWM) after the company reported inline Q2 results and reaffirmed its FY11 guidance. Nordstrom guides FY11 EPS in a range of $2.50-$2.65. The analysts said, "Following a successful Anniversary Sale Event (pre-sale of new,...

Select Comfort (NASDAQ: SCSS) will announce earnings on Wednesday, June 21st. Piper Jaffray expects solid earnings, but trimmed estimates to guidance. Select Comfort is a maker of adjustable-firmness beds and associated accessories. Piper analyst Anthony Gikas lowered his June quarter sales...

The FDA Advisory Committee voted 9 to 7 yesterday against approval of Vivus' (NASDAQ: VVUS) Qnexa, a fat-fighting pill. Vivus tumbled 60% today on the news to just over $5. Concerns arose over Qnexa's safety, especially suicide and cardiovascular risk at high doses. Piper Jaffray believes that even...

Piper Jaffray is out with a brief research note this morning, where it reiterates its Neutral rating on Edwards Lifesciences (NYSE: EW); it also reiterated its $53.00 price target on the stock. The Piper Jaffray analysts noted, “We have adjusted our model to reflect current Fx trends. We have...

The Industrial Material rail traffic and job reports show highlighted differentiation in the construction material shipment and manufacture material shipment sectors with the construction sector stagnating and lagging behind. Piper Jaffray reported that in a difficult overall job situation, the...