Market Overview

Morgan Stanley Sees Growth Story Remain Intact For BankUnited

Share:
Related BKU
UBS Says BankUnited's Earnings View Cloudier Now
Here Are The 14 Stocks Morgan Stanley Wants You To Focus On During Q2 Earnings

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
Aug 2016Morgan StanleyMaintainsOverweight
Jul 2016Hovde GroupDowngradesOutperformMarket Perform
Jul 2016JP MorganMaintainsOverweight

View More Analyst Ratings for BKU
View the Latest Analyst Ratings

Posted-In: Ken A. Zerbe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BKU)

View Comments and Join the Discussion!