Columbia Banking price target raised to $24 from $23 at Wedbush

Wedbush analyst David Chiaverini raised the firm’s price target on Columbia Banking to $24 from $23 and keeps a Neutral rating on the shares. Post-merger expectations were updated for the first time since the merger was announced in October 2021, and Wedbush views these updates as a net positive, the analyst tells investors in a research note.