BankUnited price target raised to $65 from $55 at Jefferies

Jefferies analyst David Chiaverini raised the firm’s price target on BankUnited (BKU) to $65 from $55 and keeps a Buy rating on the shares. The company reported strong Q4 results as NII of 12% annual growth beat the firm’s forecast of 5%, and loans inflected positively in Q4 following a period of headwinds, the analyst tells investors in a research note. The firm added that buyback activity is set to ramp significantly with a $250M authorization available.