Triumph Financial price target raised to $84 from $74 at DA Davidson

DA Davidson raised the firm’s price target on Triumph Financial (TFIN) to $84 from $74 and keeps a Neutral rating on the shares. The company reported another challenging quarter from a bottom-line perspective EPS perspective, but the firm is “encouraged” by Triumph’s sequentially stronger spread and fee income levels, with the factoring and payments segments continuing to generate volume gains despite the ongoing freight recession, the analyst tells investors in a research note.