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Fly News Breaks for March 7, 2019
COLB
Mar 7, 2019 | 06:47 EDT
As previously reported, Stephens analyst Gordon McGuire initiated Columbia Banking with an Equal Weight rating, stating that the bank has a high quality franchise in the Pacific Northwest, but he believes the stock's premium valuation already reflects this. He also sees a lack of clarity around the near-term EPS outlook that could drive a potential reset to estimates. McGuire set a $39 price target on Columbia Banking shares.
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