Raymond James Maintains Strong Buy on Columbia Banking System, Lowers Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst David Feaster has maintained a Strong Buy rating on Columbia Banking System (NASDAQ:COLB) but lowered the price target from $28 to $27.
July 20, 2023 | 11:26 am
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Columbia Banking System's price target has been lowered from $28 to $27 by Raymond James, though the Strong Buy rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the Strong Buy rating indicates that the analyst still sees potential in the stock, which could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100