KBW upgrades Triumph Financial on Greenscreens.ai acquisition

Triumph Financial

27/02/2025 13:05

** KBW upgrades financial technology company Triumph Financial TFIN.O to "market perform" from "underperform", after co to acquire Greenscreens.ai

** After Wednesday's market close, TFIN announced an agreement to acquire Greenscreens.ai for $140 million in cash and $20 million in TFIN stock

** Brokerage says acquisition will expand TFIN's intelligence segment by adding a service that is heavily requested by freight brokerage clients

** Greenscreens.ai provides pricing solution for the logistics industry and leverages machine learning to help freight brokers make pricing and purchasing decisions

** Brokerage, however, cuts PT $74 from $80, which still represents a 7.3% upside to stock's last close

** As of last close, stock down ~24.1% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))