Piper Sandler price target raised to $180 from $160 at JMP Securities

JMP Securities analyst Devin Ryan raised the firm’s price target on Piper Sandler to $180 from $160 and keeps an Outperform rating on the shares. Piper Sandler’s Q4 results were "solid," with the beat driven by higher Advisory Services and Fixed Income Brokerage revenue, the analyst tells investors in a research note. The firm continues to view the risk/reward opportunity as favorable.