JP Morgan Maintains Neutral on Columbia Banking System, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains a Neutral rating on Columbia Banking System (NASDAQ:COLB) and lowers the price target from $29 to $28.
October 09, 2024 | 8:18 pm
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JP Morgan has maintained its Neutral rating on Columbia Banking System but has lowered the price target from $29 to $28, indicating a slightly less optimistic outlook.
The lowering of the price target by JP Morgan suggests a slightly negative outlook on Columbia Banking System's stock performance. Maintaining a Neutral rating indicates no strong buy or sell recommendation, but the reduced price target could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
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