BankUnited price target lowered to $40 from $42 at Jefferies

Jefferies analyst David Chiaverini lowered the firm’s price target on BankUnited (BKU) to $40 from $42 and keeps a Hold rating on the shares after the company reported “mixed” Q3 results, including net interest income that missed the firm’s forecast. BankUnited’s asset remixing is in the final stages and the bank implied that balance sheet growth could inflect higher in 2026, notes the analyst, who expects a positive guidance update for 2026 in January.