Triumph Financial upgraded to Outperform from Market Perform at Raymond James

Raymond James upgraded Triumph Financial (TFIN) to Outperform from Market Perform with a $72 price target The company’s Q1 results included a provision-driven earnings beat, the analyst tells investors in a research note. The firm attributes the post-earnings share selloff to margin softness across the enterprise in the seasonally weak quarter. The pullback brings a good entry point for investors as the freight backdrop “looks very favorable,” contends Raymond James.