Triumph Financial price target lowered to $58 from $62 at Keefe Bruyette

Keefe Bruyette analyst Michael Perito lowered the firm’s price target on Triumph Financial to $58 from $62 and keeps a Market Perform rating on the shares after taking over coverage of the name. The stock trades at 22.6 times Keefe’s 2024 earnings estimate today, which "seems to factor in a healthy degree of deserved upside from the payment initiative," the analyst tells investors in a research note.