Wunderlich Reiterates Buy on Columbia Banking System, Reduces PT to $22
Wunderlich reiterates its Buy rating on Columbia Banking System (NASDAQ: COLB). At the same time, Wunderlich lowered its price target on the company's stock to $22.
In a research report published today, Wunderlich states, "We maintain our Buy rating on shares of Columbia Banking System (COLB), but we are lowering our price target to $22 after the company completed two FDIC-assisted acquisitions on successive weekends in May."
On Monday, Columbia Banking System closed the day at $17.25.
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