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.
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Read More on SUI:
- Sun Communities downgraded to In Line from Outperform at Evercore ISI
- Sun Communities Investor Briefing Highlights Future Outlook
- Sun Communities, Inc. Declares Third Quarter 2024 Distribution
- Sun Communities price target raised to $145 from $144 at Baird
- Sun Communities price target raised to $144 from $143 at Evercore ISI
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