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Fly News Breaks for October 24, 2019
Oct 24, 2019 | 08:04 EDT
JPMorgan analyst Steven Alexopoulos upgraded BankUnited to Neutral from Underweight with a price target of $37, up from $34. Following the company's Q3 results, Street estimates appear very achievable while the stock's forward price-to-earnings premium "has eroded considerably," Alexopoulos tells investors in a research note. Further, the analyst now sees BankUnited's core earnings growth being in the 10% range in 2020 as well as 2021.
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