Truist Securities Maintains Buy on Sun Communities, Lowers Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Anthony Hau maintains a 'Buy' rating on Sun Communities (NYSE:SUI) but lowers the price target from $133 to $118.
October 23, 2023 | 5:32 pm
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NEUTRAL IMPACT
Sun Communities' price target has been lowered from $133 to $118 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100