The Fly

Sun Communities price target raised to $163 from $147 at Truist

Truist analyst Anthony Hau raised the firm’s price target on Sun Communities to $163 from $147 and keeps a Buy rating on the shares as part of a broader research note on REITs. The analyst is adjusting his model to reflect reduced cost of capital, with the yield on 10-year treasury down 50 basis points vs. a month ago.

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