BUZZ-BankUnited rises after Jefferies upgrades to 'buy'
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BankUnited's shares rose 2.8% to $44.43 after Jefferies upgraded the stock to 'buy' from 'hold' and raised the price target to $55. Jefferies highlighted BankUnited as an attractive acquisition candidate due to its high non-interest bearing deposits and strong South Florida presence. The brokerage expects growth and margin expansion at BankUnited, supporting a higher valuation. Currently, four brokerages rate the stock as 'buy' or higher, six as 'hold', and one as 'sell'. The stock is up 13.2% year-to-date.
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