UBS downgraded Sun Communities (SUI) to Neutral from Buy with a price target of $134, down from $155. The firm said the execution challenges are weighing on the company’s earnings algorithm and will require time to correct. UBS added that it believes Sun Communities has a quality portfolio and its core segments generate stable growing cash flows.
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Read More on SUI:
- BofA cuts Sun Communities estimates, downgrades to Underperform
- Sun Communities downgraded to Underperform from Neutral at BofA
- Sun Communities Restructures and Leadership Changes Announced
- Sun Communities price target lowered to $135 from $147 at RBC Capital
- Sun Communities price target lowered to $138 from $145 at BMO Capital