Triumph Financial price target raised to $65 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Triumph Financial to $65 from $60 and keeps an Underweight rating on the shares following the Q2 report. The freight recession continues to weigh on earnings and management indicated in this environment the bank will place a cap on total expenses in the near-term, the analyst tells investors in a research note.