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Fly News Breaks for September 26, 2019
BKU
Sep 26, 2019 | 18:07 EDT
DA Davidson analyst David Bishop initiated BankUnited with a Buy rating and a price target of $39. The analyst notes that the company's recent termination of its loss share agreement with the FDIC "removes the complexity that assets produced on projecting earnings", adding that its BKU 2.0 initiative appears should result in an ROA ramp over the next several quarters.
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