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Explain this story: JPMorgan Chase & Co. Cuts Columbia Banking System (NASDAQ:COLB) Price Target to $33.00
JPMorgan Chase & Co. has lowered its price target for Columbia Banking System (NASDAQ:COLB) to $33.00 from $35.00, while maintaining a "neutral" rating, implying a potential upside of 17.71%. This adjustment comes despite Columbia Banking System reporting quarterly earnings per share of $0.76, exceeding the consensus estimate of $0.73, though revenue fell short of expectations. The consensus among analysts remains a "Hold" rating with an average target price of $33.42, reflecting cautious sentiment, with five analysts rating it a "Buy" and eight a "Hold."
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JPMorgan Chase & Co. has lowered its price target for Columbia Banking System (NASDAQ:COLB) to $33.00 from $35.00, while maintaining a "neutral" rating, implying a potential upside of 17.71%. This adjustment comes despite Columbia Banking System reporting quarterly earnings per share of $0.76, exceeding the consensus estimate of $0.73, though revenue fell short of expectations. The consensus among analysts remains a "Hold" rating with an average target price of $33.42, reflecting cautious sentiment, with five analysts rating it a "Buy" and eight a "Hold."
Article tone: Neutral This describes the words the journalist used. It is not a prediction, and not advice.
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Published Oct 1, 2026, 11:40 ET · on this site +1h 37m