Goldman Sachs Maintains Sell on BankUnited, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ryan Nash has maintained a Sell rating on BankUnited (NYSE:BKU) but increased the price target from $26 to $29.
December 18, 2023 | 1:44 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on BankUnited but raises the price target from $26 to $29.
The maintenance of a Sell rating suggests that Goldman Sachs does not see positive performance in the near term for BankUnited, which could lead to downward pressure on the stock. However, the increase in the price target might indicate that the downside risk is less severe than previously estimated, or that the overall market conditions have improved, potentially mitigating the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100