UBS Upgrades Columbia Banking System to Neutral, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brody Preston has upgraded Columbia Banking System (NASDAQ:COLB) from Sell to Neutral and raised the price target from $18 to $21.
October 06, 2023 | 10:54 am
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Columbia Banking System has been upgraded from Sell to Neutral by UBS, with a raised price target of $21.
The upgrade from Sell to Neutral indicates a more positive outlook on the company by UBS. The raised price target from $18 to $21 suggests that UBS believes the stock has potential for growth. This could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100