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MINNEAPOLIS, May 22 /PRNewswire-FirstCall/ -- Piper Jaffray equity research analysts were recently honored in the 2007 Wall Street Journal's annual "Best on the Street Analyst Survey." Five equity research analysts were recognized in this year's survey for their stock-picking skills, resulting in an 11th overall ranking for the firm. Firms were ranked according to the total number of "Best on the Street" awards their analysts earned. According to the Wall Street Journal, 223 analysts were ranked this year, though award-winning analysts were selected from a universe of more than 4,000 analysts at more than 280 firms. Of that group, 1,705 analysts met the survey's eligibility tests and qualified to have their research analyzed in detail.

The following Piper Jaffray senior research analysts were highlighted in this year's "Best on the Street Survey":

    -- Amit Kapur, Semiconductors, ranked No. 2
    -- Brett Manderfeld, Advertising and Publishing, ranked No. 3
    -- Tony Gikas, Leisure Goods and Services, ranked No. 4
    -- Michael Grasher, Insurance: Non-Life, ranked No. 5
    -- Mark Marostica, Specialty Retailers and Services, ranked No. 5

"We are committed to providing clients with proprietary and impactful research and analysis," said Joel Denney, head of Investment Research at Piper Jaffray. "The ranking is a true testament of our dedication and investment in our research product. This is well-deserved recognition for a very talented analyst group."

About Piper Jaffray

Piper Jaffray Companies is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed- income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com )

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray

CONTACT: Susan Beatty, Public Relations and Communications of Piper Jaffray, +1-612-303-5680