BankUnited price target raised to $28 from $26 at Wells Fargo

Wells Fargo raised the firm’s price target on BankUnited to $28 from $26 and keeps an Equal Weight rating on the shares. The firm says shares remain fairly valued relative to below-average near-term growth expectations and profitability. Management continues to work on both sides of the balance sheet, but profitability is likely to lag peers through FY25.