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Posted by
Two Blokes Jun 5 -
Filed in
Stock
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12 views
We initiate Columbia Banking System with a Strong Buy rating, underscoring a sharp contrarian 2026 EPS inflection the market is mispricing. Our implied valuation is pegged to our $40 price target, which offers a 73% upside at an 11.7x forward P/E multiple on our 2026 EPS estimate. Our internal estimates assume a material dip in FY25E EPS on M&A charges/accounting provisions, followed by a dramatic 36% EPS rebound to $3.40 in FY26E, 11% ahead of.
