Piper Jaffray Initiates Columbia Banking System With Overweight

Piper Jaffray initiated coverage on

with a Overweight rating. The target price for Columbia Banking System is set to $35. Columbia Banking System shares have gained 23.44 percent over the past 52 weeks, while the S&P 500 index has surged 8.92 percent in the same period. Columbia Banking System shares fell 0.03 percent to close at $32.34 yesterday.