Columbia Financial price target raised to $17 from $16 at Piper Sandler

Piper Sandler raised the firm’s price target on Columbia Financial (CLBK) to $17 from $16 and keeps a Neutral rating on the shares. The firm recently visited with the management team of Columbia Financial at the Piper Sandler Financial Services Conference in Florida. It came away from the meeting with the view that the company is now more open to the idea of doing a second-step conversion since the capital ratios have normalized.