Triumph Financial price target lowered to $68 from $73 at DA Davidson

DA Davidson lowered the firm’s price target on Triumph Financial to $68 from $73 and keeps a Neutral rating on the shares after its Q1 earnings miss. The two primary contributors to the miss were lower than projected net interest income and higher credit expense, though the company continues to generate traction in the Payments segment, growing conforming invoice volume and revenue, the analyst tells investors in a research note.