Triumph Financial price target raised to $63 from $56 at DA Davidson

DA Davidson raised the firm’s price target on Triumph Financial (TFIN) to $63 from $56 and keeps a Neutral rating on the shares. Triumph Financial illustrated positive trends in the Factoring and Payments segment, and while growth of market share, and somewhat increased visibility regarding monetization of the TriumphPay platform are positives, they may remain choppy over the near-term, the analyst tells investors in a research note.