Columbia Banking price target lowered to $27 from $33 at Barclays

Barclays lowered the firm’s price target on Columbia Banking (COLB) to $27 from $33 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the mid-cap banks. Heightened uncertainty hurts 2025 outlooks and could lead to lowered guidance at earnings, but buyback activity is a potential catalyst for some, the analyst tells investors in a research note.