RBC Boosts Columbia Banking System Price Target by 5 Cents

Royal Bank of Canada (RBC) has increased its price target for Columbia Banking System (NASDAQ:COLB) from $34.00 to $35.00, representing a potential upside of 12.55% from the company's current price.

This is not the only optimistic view on COLB; several other brokerages have also raised their price targets in recent weeks.

Wells Fargo & Company boosted its target price to $32.00 and gave the company an 'equal weight' rating, while JPMorgan Chase & Co. increased its price objective to $35.00 and assigned a 'neutral' rating.

Stephens raised its price objective on shares of Columbia Banking System from $35.00 to $36.00 and gave the company an 'overweight' rating.