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MINNEAPOLIS, Nov. 7 /PRNewswire-FirstCall/ -- Piper Jaffray has promoted three research analysts to senior research analysts and deepened the firm's coverage in the health care and financial services sectors. Josh Elving, Mark Mullikin and Melissa Mullikin were promoted to senior research analysts at the firm's Minneapolis headquarters.

"We are pleased to recognize the experience of Josh, Mark and Melissa by promoting them to the role of senior research analyst," said Joel Denney, head of Investment Research at Piper Jaffray. "These three analysts have worked tirelessly on other teams at Piper Jaffray over the past several years and have contributed tremendous talent and insight for our investing clients. They will now lead us into expanded coverage in the health care and financial services sectors, offering clients unique proprietary research analysis."

Elving covers the electronic trading and financial technology and services universe within the financial services team. He joined Piper Jaffray in 2000 as a research analyst in the specialty finance sector. Elving has a bachelor's degree from the University of Wisconsin-Madison.

Mark Mullikin covers health care with a specific focus on ophthalmology and respiratory companies. He joined Piper Jaffray in 2002 and has covered the medical technology space for more than four years. Mullikin has a bachelor's degree in economics from the University of Chicago and a Master of Business Administration degree from the Sloan School of Management at the Massachusetts Institute of Technology in Cambridge, Mass.

Melissa Mullikin covers health care services companies, including specialty pharmacies, pharmacy benefit managers (PBMs) and managed care companies. She has been with Piper Jaffray since 2003 and has covered healthcare IT companies, laboratory companies, specialty retailers and apparel manufacturers. She has a bachelor's degree in political science from Macalester College in St. Paul, Minn., and a master's degree in public affairs and policy analysis from the La Follette School of Public Affairs at the University of Wisconsin-Madison.

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, Madrid and Shanghai. The firm's UK operating subsidiary, Piper Jaffray Ltd., is authorized and regulated by the Financial Services Authority and is a member of the London Stock Exchange. 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

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Web site: http://www.piperjaffray.com