Columbia Banking price target raised to $29 from $20 at Truist

Truist raised the firm’s price target on Columbia Banking to $29 from $20 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 earnings for Community and Regional Banks. The firm’s revisions reflect lower operating expenses and higher fee income in 2025, though Truist does not forecast a continued pace of net interest income growth until 2025 as lower funding costs more than offset variable rate assets, the analyst tells investors in a research note.