Evercore ISI raised the firm’s price target on Sun Communities to $132 from $128 and keeps an Outperform rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SUI:
- Sun Communities price target raised to $130 from $118 at Truist
- 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
