Triumph Financial price target lowered to $49 from $51 at B. Riley

B. Riley analyst Hal Goetsch lowered the firm’s price target on Triumph Financial to $49 from $51 and keeps a Neutral rating on the shares post the Q2 results. The continued freight recession weighted on the results as Triumph’s “highly profitable” factoring business segment was impacted by falling invoice pricing and invoice units, leading to a processed factoring volume decline, the analyst tells investors in a research note.