Sun Communities price target raised to $154 from $123 at Wells Fargo

Wells Fargo raised the firm’s price target on Sun Communities to $154 from $123 and keeps an Equal Weight rating on the shares. The firm is pleased with the pace and pricing of year-to-date dispositions and initial 2025 rate growth outlooks, but remains sidelined waiting for multiple quarters without segment guidance reductions and clarity on timing and scale of strategic initiatives.