Triumph Financial price target raised to $74 from $68 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on Triumph Financial to $74 from $68 and keeps a Neutral rating on the shares after its Q2 results. The company continues to generate traction in the Payments segment, growing conforming invoice volume and revenue, as it adds new broker clients to the network and increases adoption despite the freight industry headwinds, the analyst tells investors in a research note. Growing network density over 50% this year is an interim goal that is expected to be achieved in Q3, the firm added.