Keefe, Bruyette & Woods Maintains Market Perform on Columbia Banking System, Lowers Price Target to $25-Report Released on 23 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher Mcgratty has maintained a 'Market Perform' rating on Columbia Banking System (NASDAQ:COLB) but lowered the price target from $30 to $25.

January 25, 2024 | 2:10 pm
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Columbia Banking System's price target has been reduced from $30 to $25 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
A lowered price target can often lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The maintenance of a 'Market Perform' rating suggests that the analyst sees the company as adequately valued at the new target, but the reduction in the target price itself could still result in bearish sentiment in the short term.
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IMPORTANCE 75
RELEVANCE 100