Triumph Financial (TFIN) PT Raised to $63 at DA Davidson

DA Davidson analyst Gary P. Tenner raised the price target on Triumph Financial (NASDAQ: TFIN) to $63.00 (from $56.00) while maintaining a Neutral rating.

The analyst commented, "TFIN illustrated positive trends in the Factoring and Payments segment, while spot rates remained low in the quarter. Growth of market share, and somewhat increased visibility regarding monetization of the TriumphPay platform are positives, but may remain choppy over the near term. Maintain NEUTRAL rating with a revised $63 PT."

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