Piper Jaffray Equity Research Analysts Rank Fourth in 2005 Wall Street Journal Best on the Street Survey
18 May 2005 - 6:49AM
PR Newswire (US)
Piper Jaffray Equity Research Analysts Rank Fourth in 2005 Wall
Street Journal Best on the Street Survey MINNEAPOLIS, May 17
/PRNewswire-FirstCall/ -- Piper Jaffray commends its analysts
ranked for their stock picking prowess in the Wall Street Journal's
annual Best on the Street Analyst Survey. The firm ranked fourth
overall among the 73 firms highlighted in the survey. The firms
recognized in this year's survey were ranked according to the total
number of Best on the Street awards their analysts earned.
According to the Wall Street Journal, 213 analysts were ranked this
year, though award-winning analysts were selected from a universe
of more than 4,000 analysts at more than 270 firms. Of that group,
1,608 analysts met the survey's eligibility tests and qualified to
have their research analyzed in detail. Piper Jaffray Senior
Research Analyst Peter Swanson ranked No. 1 in the Business &
Industrial Services sector. Swanson was selected for his stock
picks of Alliance Data Systems Corp. and Intercept Inc. Swanson was
also named to this year's Forbes.com/StarMine rankings for top
equity research analysts, ranking No. 3 overall in the IT sector.
The following Piper Jaffray senior research analysts were also
highlighted in this year's Best on the Street Survey: -- Brett
Manderfeld, Internet & Computer Services, Ranked No. 2 and
Business & Industrial Services, Ranked No. 5 -- Steve Hamill,
Medical Equipment, Ranked No. 2 -- Eric Larson, Retailers: Food
& Drug, Ranked No. 3 -- Gene Munster, Software, Ranked No. 5 --
Mike Walkley, Telecommunications Equipment, Ranked No. 5 Manderfeld
was one of only seven analysts (out of 213 eligible analysts) in
this year's survey to earn a top-five ranking in more than one
category. In addition, Sean Wieland who recently joined Piper
Jaffray as a senior analyst in health care services received a No.
3 ranking in the software category while at his previous firm.
"This achievement, along with recent top rankings from third
parties, such as Forbes.com/Starmine, shows the strides we've made
to increase our research quality, and our dedication to provide
clients with accurate stock ratings and proprietary research," said
Mike Ott, head of Equity Research at Piper Jaffray. "This is
well-deserved recognition for a very talented analyst group.
Congratulations to Peter, Brett, Steve, Eric, Gene, Mike and Sean."
Compiling the Best on the Street Survey According to the Wall
Street Journal, analysts' skill in picking stocks was measured
using recommendation-performance scores. These scores were
calculated by Thomson Financial on the basis of the estimated total
return, including price changes and dividends, of each eligible
stock an analyst covered in an industry. Total-return data were
provided by Thomson Datastream. Analysts got credit for being right
about 'buy' and 'sell' recommendations. For a stock rated a 'buy,'
a positive total return yielded a positive score on that stock, but
a negative return produced a negative score. Similarly, for a stock
rated 'sell,' a negative total return yielded a positive score
while a positive return resulted in a negative score. 'Hold'
recommendations did not affect the score. The final performance
score also reflects such factors as the number of stocks in an
analyst's 'portfolio.' To be eligible, analysts must have been
based in the U.S. or Canada. Typically, they worked for the same
firm throughout 2004. Piper Jaffray & Co. is the chief
operating subsidiary of Piper Jaffray Companies (NYSE:PJC), a
focused securities firm dedicated to delivering superior financial
advice, investment products and transaction execution within
selected sectors of the financial services marketplace. The company
operates through two primary revenue-generating segments: Capital
Markets and Private Client Services. Piper Jaffray & Co. has
served corporations, government and non-profit entities,
institutional investors and the financial advisory needs of private
individuals since 1895. Headquartered in Minneapolis, Piper Jaffray
has approximately 3,000 employees in 104 offices in 23 states
across the country and in London. For more information about Piper
Jaffray, visit us online at http://www.piperjaffray.com/ . Since
1895. Member SIPC and NYSE. DATASOURCE: Piper Jaffray & Co.
CONTACT: Susan Beatty, Media Relations of Piper Jaffray,
+1-612-303-5680 Web site: http://www.piperjaffray.com/
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