Stephens & Co. Downgrades Columbia Banking System to Equal-Weight, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Andrew Terrell downgraded Columbia Banking System (NASDAQ:COLB) from Overweight to Equal-Weight and set a price target of $24.
January 25, 2024 | 2:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Columbia Banking System was downgraded by Stephens & Co. from Overweight to Equal-Weight with a new price target of $24.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $24 may also set investor expectations on the stock's value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100