BUZZ-BankUnited rises after Jefferies upgrades to 'buy'
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.
Regional lender BankUnited’s (BKU.N) shares rise 2.8% to $44.43
Jefferies upgrades BKU to “buy” from “hold”; raises PT to $55 from $42, a 27.3% upside to stock’s last close
Brokerage says BKU stands out as an attractive acquisition candidate thanks to its high proportion of non-interest bearing deposits and a strong presence in South Florida markets
Jefferies believes growth is poised to inflect at BKU even as a standalone company coupled with margin expansion, which should support a higher valuation
Four of 11 brokerages rate the stock “buy” or higher, six “hold” and one “sell”; median PT $42.50 — data compiled by LSEG
As of last close, BKU stock up 13.2% YTD
