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Triumph Financial price target lowered to $56 from $68 at DA Davidson

DA Davidson lowered the firm’s price target on Triumph Financial (TFIN) to $56 from $68 and keeps a Neutral rating on the shares after its Q1 results. The company continues to show positive trends in the Payments segment, but lower net interest income and stubbornly low spot rates result in a lower intermediate term outlook, the analyst tells investors in a research note.

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