Stephens & Co. Maintains Overweight on Columbia Banking System, Lowers Price Target to $26
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Andrew Terrell maintains an Overweight rating on Columbia Banking System (NASDAQ:COLB) but lowers the price target from $27 to $26.
July 20, 2023 | 12:40 pm
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Columbia Banking System's price target has been lowered from $27 to $26 by Stephens & Co., though the Overweight rating is maintained.
The news is directly about Columbia Banking System. The lowering of the price target might indicate a slightly less optimistic outlook for the company, but the maintenance of the Overweight rating suggests that the analyst still sees the stock as a good investment. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100