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Analysts Are Neutral on Top Financial Stocks: Principal Financial (PFG), Columbia Banking System (COLB)

Analysts fell to the sidelines weighing in on Principal Financial (PFGResearch Report) and Columbia Banking System (COLBResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Principal Financial (PFG)

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Principal Financial yesterday and set a price target of $91.00. The company’s shares closed last Thursday at $81.06.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 8.6% and a 62.8% success rate. Greenspan covers the Financial sector, focusing on stocks such as Hamilton Insurance Group, Ltd. Class B, American International Group, and Corebridge Financial, Inc.

Principal Financial has an analyst consensus of Hold, with a price target consensus of $84.63, representing a 3.6% upside. In a report issued on April 10, Bank of America Securities also maintained a Hold rating on the stock.

See today’s best-performing stocks on TipRanks >>

Columbia Banking System (COLB)

In a report released yesterday, Timur Braziler from Wells Fargo maintained a Hold rating on Columbia Banking System, with a price target of $22.00. The company’s shares closed last Thursday at $19.01.

According to TipRanks.com, Braziler is a 3-star analyst with an average return of 2.0% and a 50.6% success rate. Braziler covers the Financial sector, focusing on stocks such as Bank of NT Butterfield & Son, Pinnacle Financial Partners, and First Interstate Bancsystem.

Currently, the analyst consensus on Columbia Banking System is a Hold with an average price target of $21.13, which is a 10.3% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $21.00 price target.

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