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Fly News Breaks for July 21, 2016
BKU
Jul 21, 2016 | 07:44 EDT
UBS lowered its price target on BankUnited to $34 from $40 to reflect the company's decision to lower the loan growth outlook for the next few quarters. The firm believes the company's earnings trajectory has become more cloudy, but said management has a history of making tactical shifts on lending and they continue to expect strong loan growth, just slower trends. UBS maintained its Buy rating on BankUnited shares.
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