DA Davidson Maintains Neutral on Columbia Banking System, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Jeff Rulis maintains a Neutral rating on Columbia Banking System (NASDAQ:COLB) and lowers the price target from $25 to $20.

March 13, 2024 | 11:20 am
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NEGATIVE IMPACT
DA Davidson analyst Jeff Rulis maintains a Neutral rating on Columbia Banking System and lowers the price target from $25 to $20.
The reduction in the price target from $25 to $20 by a reputable analyst could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price. The maintenance of a Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowered target suggests a reassessment of the stock's value potential, which could influence investor perception and stock performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100