Evercore ISI lowered the firm’s price target on Sun Communities (SUI) to $130 from $132 and keeps an In Line rating on the shares. Despite supply pressures that will continue to weigh on Sunbelt markets through at least the middle of the year, the “immediate focus for investors” is the devastation from the LA wildfires and how the local rental market may fare from the displaced homeowners, the analyst tells investors in a preview for Q4 earnings from the residential REIT group.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score a data driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUI:
- Sun Communities price target lowered to $134 from $135 at RBC Capital
- Sun Communities price target lowered to $142 from $145 at Jefferies
- Investors who lost money on Sun Communities, Inc.(SUI) should contact Levi & Korsinsky LLP about pending Class Action – SUI
- Sun Communities price target lowered to $131 from $138 at Truist
- Sun Communities price target lowered to $135 from $154 at Wells Fargo