Friedman Billings Downgrades BankUnited (BKUNA) to Underperform

June 18, 2008 11:55 AM EDT

Friedman Billings Ramsey downgrades BankUnited Financial (Nasdaq: BKUNA) from Market Perform to Underperform. The firm lowered its price target from $4 to $1.

BankUnited Financial Corporation operates as the holding company for BankUnited, FSB that provides consumer and commercial banking products and services to consumers and businesses located primarily in Florida.


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