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Morgan Stanley Sees Growth Story Remain Intact For BankUnited

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In a report published Wednesday, Morgan Stanley analyst Ken A. Zerbe reiterated an Overweight rating and $39.00 price target on BankUnited (NYSE: BKU).

In the report, Morgan Stanley noted, “We believe the market is undervaluing the long-term EPS growth potential at BankUnited. We expect material market share gains in lending in both NY and FL, driving above-average loan growth and above-peer profitability. On 2017e EPS, the shares are trading well below our 15.5x normalized P/E multiple that we believe is appropriate given its growth.”

BankUnited closed on Tuesday at $34.16.

Latest Ratings for BKU

DateFirmActionFromTo
Nov 2014Guggenheim SecuritiesDowngradesBuyNeutral
Oct 2014Keefe Bruyette & WoodsMaintainsOutperform
Oct 2014Guggenheim SecuritiesMaintainsBuy

View More Analyst Ratings for BKU
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Posted-In: Ken A. Zerbe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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