Truist raised the firm’s price target on Sun Communities to $130 from $118 and keeps a Buy rating on the shares as part of a broader research note on REITs. The analyst is updating the firm’s models after Q3 results, adjusted revenue growth estimates, and expense assumptions.
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Read More on SUI:
- Sun Communities price target lowered to $116 from $125 at Compass Point
- Sun Communities, Inc. Reports 2023 Third Quarter and Year-to-Date Results
- Sun Communities cuts FY23 core FFO view to $7.05-$7.13 from $7.09-$7.23
- Sun Communities sees Q4 core FFO $1.28-$1.36
- Sun Communities reports Q3 core FFO $2.57, consensus $2.46
