BUZZ-KBW upgrades Triumph Financial on Greenscreens.ai acquisition

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