Triumph Financial initiated with a Buy at Loop Capital

Loop Capital analyst Hal Goetsch initiated coverage of Triumph Financial with a Buy rating and $76 price target. The analyst sees the stock as a "unique and of one" type of company given its expertise in transportation factoring and now its emerging open loop payment platform. The firm further states that the massive size of the $420B for-hire trucking industry and fragmentation in trucking sector make it ripe for payment platform that is not far different than electronic payments, with charge cards that are ubiquitous today for billions of consumers and fragmented retailers.