Truist Securities Maintains Hold on Columbia Banking System, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Hold rating on Columbia Banking System (NASDAQ:COLB) and lowers the price target from $22 to $20.
April 01, 2024 | 12:22 pm
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NEGATIVE IMPACT
Truist Securities maintains a Hold rating on Columbia Banking System and lowers the price target from $22 to $20.
The reduction in the price target by Truist Securities suggests a less optimistic outlook on Columbia Banking System's stock value in the near term. This adjustment could lead to a negative perception among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100