BankUnited (NYSE:BKU) Rating Lowered to "Hold" at Wells Fargo & Company
MarketBeat
Wells Fargo & Company has downgraded BankUnited (NYSE:BKU) from a "strong-buy" to a "hold" rating, contributing to an overall "Hold" consensus among analysts with an average price target of $50.91. This downgrade comes as BankUnited's shares opened below their 50-day and 200-day moving averages, and the company recently missed quarterly earnings and revenue estimates. Insider trading activity also shows a director selling a significant number of shares in August.
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