The company said that it intends to raise $1 billion through a private offering of convertible senior notes due February 1, 2034.

Investing.com -- Piper Sandler on Tuesday outlined a new investment strategy for a softening U.S. property and casualty insurance market, arguing investors should rotate within the sector rather than exit it as commercial insurance pricing weakens.

Rithm Capital Corp. (NYSE:RITM) is one of the top beaten-down REITs ready for a rotation rally. On July 2, Piper Sandler lowered its price target on Rithm Capital Corp. (NYSE:RITM) to $12.50 from $14, while maintaining an Overweight rating. The firm argued that the mortgage lending environment has stayed difficult heading into the third quarter. […]

A number of stocks jumped in the afternoon session after a surge in investment banking and trading revenues drove strong second-quarter earnings for the big banks.

Intuit (NASDAQ:INTU) shares edged 0. 9% lower in premarket trading after Piper Sandler began coverage of the financial software company with an Underweight rating and a $250 price target, the most bearish target currently assigned by Wall Street analysts.

Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason — five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.