Truist Securities Maintains Buy Rating for Sun Communities: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Sun Communities (NYSE:SUI) but lowered its price target from $157.00 to $148.00. Sun Communities is a residential REIT focusing on owning manufactured housing, residential vehicle communities, and marinas. The company's shares are trading up 0.42% over the last 24 hours, at $121.79 per share.
August 17, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for Sun Communities but lowered its price target. This could potentially lead to increased investor interest in the short term.
The maintained Buy rating indicates that Truist Securities still sees potential in Sun Communities, which could attract investors. However, the lowered price target might indicate a slower growth rate than previously expected. This could lead to a short-term increase in the stock price due to the Buy rating, but the long-term impact will depend on the company's performance against the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100