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Sun Communities initiated with an Equal Weight at Wells Fargo
The Fly

Sun Communities initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst James Feldman initiated coverage of Sun Communities with an Equal Weight rating and $151 price target. While the firm acknowledges its solid manufactured housing platform, Wells sees near-term overhangs from recent platform acquisitions and below average growth. Nonetheless, Sun Communities has the strongest liquidity position among Residential REITs through 2024 providing capital for opportunistic investment, the firm adds.

Published first on TheFly

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