$PIPR

Piper Sandler Companies (PIPR) has established a new infrastructure debt advisory team in London, led by three experienced professionals. The team will focus on energy, power, and infrastructure debt markets in Europe, supporting the firm's global capital markets strategy. The move aligns with trends in private credit and sponsor activity, potentially rebalancing Piper Sandler's fee pools toward infrastructure debt.

Piper Sandler (market cap: $5B) is in talks to acquire Perella Weinberg Partners ($1.4B). The deal would combine their M&A advisory businesses amid a 33% U.S. M&A volume recovery in 2026. Piper Sandler generated $1.9B revenue last year, while Perella Weinberg's revenue declined from $878M in 2024 to $750M in 2025. Shares of Perella Weinberg rose 10%, while Piper Sandler's fell 5% on the news.

Piper Sandler (PIPR) shares fell 8.6% after reports of potential acquisition talks with Perella Weinberg. The decline reflects market concerns over financing, dilution, and integration risks. Piper Sandler's stock is down 25.7% year-to-date, trading 31.2% below its 52-week high. According to Morningstar, elevated interest rates create headwinds for private equity firms and related capital-markets names.

Piper Sandler (PIPR) appointed Wendy Schoppert to its board, bringing finance and tech experience. The firm's revenue and earnings are projected to grow, but faces risks from higher Fed rates. Analysts have mixed fair value estimates, with some seeing upside and others downside.

PIPER SANDLER COMPANIES (PIPR) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99 Piper Sandler Companies 350 North 5th Street, Suite 1000 Minneapolis, MN 55401 Contact Kate Clune Chief Financial Officer Tel: 212 466-7799 investorrelations@psc.com FOR IMMEDIATE RELEASE Piper Sandler Companies Elects Wendy L. Schoppert to Board of Directors MINNEAPOL

Piper Sandler kept its Underweight rating on Fluence Energy with a $5 price target, implying a 44.8% downside from the Sep 16 close. The firm cited execution risks, revenue guidance cuts, and a shift to cash preservation over growth, raising concerns about the company's operational capacity and long-term profitability.

AMD reports steady orders due to strong AI chip demand, with robust AI workload deployments. Piper Sandler initiates coverage with an Overweight rating and $600 price target, citing AI compute demand and market share gains in server CPUs and GPUs.

Tenable (TENB) reported Q2 revenue of $268M, raising full-year guidance for revenue, EPS, and free cash flow. The company highlighted AI-driven growth, with Tenable One accounting for 50% of new sales. Management noted improved demand and expansion rates, citing AI partnerships and new product launches as key drivers.

Piper Sandler raised its price target for Jack Henry (JKHY) to $175 from $171, maintaining a Neutral rating. The firm cited constructive revenue outlooks through 2029, despite a 6% share price drop. Piper Sandler is more bullish on the company's fundamentals after its investor day.

Piper Sandler raised its price target for Viatris to $13 from $12 while maintaining a neutral rating. The stock has a 5-day change of 16.65 USD, a 1st Jan change of -0.06%, and a 1-year change of +33.73%.