Wells Fargo raises price target on BankUnited to $50, reiterates as top pick

Wells Fargo analyst Timur Braziler raised the firm’s price target on BankUnited (BKU) to $50 from $48 and keeps an Overweight rating on the shares. The firm says it has increased confidence in its to pick following a broad Q4 beat, and guidance that seems both conservative and well above consensus. This is particularly true for the first half of 2025, aided by group leading DDA growth. Wells sees many paths for upside, including M&A.