RBC Capital Maintains Sector Perform on Columbia Banking System, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has maintained a 'Sector Perform' rating on Columbia Banking System (NASDAQ:COLB) but has lowered the price target from $28 to $25.
January 25, 2024 | 4:17 pm
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RBC Capital analyst Jon Arfstrom maintains a 'Sector Perform' rating on Columbia Banking System but lowers the price target from $28 to $25.
The reduction in price target by RBC Capital suggests a more conservative valuation of Columbia Banking System, which could lead to a negative perception among investors and potentially a decrease in the stock price in the short term.
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