Keefe Bruyette analyst Christopher McGratty upgraded Columbia Banking to Outperform from Market Perform with a price target of $29, down from $36. The analyst says the stock represents an attractive risk/reward in what is likely to remain an uncertain environment. Columbia has among the highest percent of assets carried at fair value or recently marked, greater balance sheet flexibility, and above-average profitability, the analyst tells investors in a research note.
Published first on TheFly
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