The Latest Breaking News from Piper Sandler

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Someone with a lot of money to spend has taken a bullish stance on JPMorgan Chase (NYSE:JPM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Tesla Inc.

Shares of Shopify, Inc. (NYSE: SHOP) have shed about 58% value since the start of the year and an analyst at Piper Sandler is pointing towards incremental risk for the Canadian ecommerce company over the remainder of the year.

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Piper Sandler has decided to maintain its Overweight rating of Patterson-UTI Energy (NASDAQ:PTEN) and raise its price target from $14.50 to $20.00. Shares of Patterson-UTI Energy are trading up 3.93% over the last 24 hours, at $17.30 per share.

Piper Sandler analyst Harsh Kumar saw a minimal impact on Apple Inc (NASDAQ: AAPL) from supply issues caused by Covid-19 lockdowns in China.

Piper Sandler upgraded its rating of ChampionX (NASDAQ:CHX) to Overweight with a price target of $30.00, changing its price target from $28.00 to $30.00. Shares of ChampionX are trading down 0.67% over the last 24 hours, at $23.66 per share.

Piper Sandler analyst Kashy Harrison downgraded two electrical equipment companies, citing the U.S. Department of Commerce's decision to investigate antidumping and countervailing duty circumvention in certain Southeast Asian countries that will cause project delays.

Kaleido Biosciences Inc (NASDAQ:KLDO) has delivered formal notice to voluntarily delist its common stock from NASDAQ as the Company will stop all operations. The Company expects to file a Form 25 with the Securities and Exchange Commission by April 18 to effect the voluntary delisting effective by April 28. The Board of…