Keefe Bruyette upgraded Triumph Financial (TFIN) to Market Perform from Underperform with a price target of $74, down from $80. While Triumph “appears to be paying a hefty premium,” the proposed acquisition makes strategic sense as the combination of Greenscreens.ai’s pricing model with the company’s industry-leading data “creates an extremely robust pricing solution for logistics companies,” the analyst tells investors in a research note. The firm believes Greenscreens.ai will enhance the product set of Triumph’s newly created Intelligence segment. It upgrades the shares saying its thesis has played out.
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Read More on TFIN:
- Triumph Financial to acquire Greenscreens.ai for $140M in cash, $20M in stock
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- Triumph Financial price target lowered to $82 from $100 at DA Davidson
- Triumph Financial price target lowered to $85 from $109 at Stephens
- Triumph Financial price target lowered to $80 from $85 at Keefe Bruyette