Wedbush Maintains Neutral on BankUnited, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has maintained a Neutral rating on BankUnited (NYSE:BKU) but has lowered the price target from $34 to $31.
January 29, 2024 | 3:30 pm
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Wedbush has maintained a Neutral rating on BankUnited but reduced the price target from $34 to $31, indicating a potential downside or limited upside.
The reduction in price target by a reputable analyst like Wedbush can lead to a negative perception among investors, potentially causing a short-term dip in the stock price. However, since the rating remains Neutral, the impact may not be significantly bearish, but it does suggest limited upside potential or a possible downside from the current price level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100