BankUnited price target lowered to $40 from $42 at RBC Capital

RBC Capital lowered the firm’s price target on BankUnited (BKU) to $40 from $42 and keeps a Sector Perform rating on the shares. The company’s Q1 marked another clean quarter with lower revenues offset by better than expected provision and expenses, the analyst tells investors in a research note. Credit trends have been stable despite increased macro uncertainty and management reiterated comfort with the current portfolio and reserve levels, RBC adds.