B. Riley upgraded Triumph Financial (TFIN) to Buy from Neutral with a price target of $70, up from $55. The firm believes Triumph is “hitting a cross-over point” between its heritage in banking business. The company’s unified technology platform is serving the transportation industry in a manner that no other technology company can, the analyst tells investors in a research note. Riley believes Triumph’s fintech offerings can grow over 20% on a combined basis over the next several years and drive a “step change” in its earnings power.
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