Truist Securities Downgrades Sun Communities to Hold, Raises Price Target to $143
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Anthony Hau has downgraded Sun Communities (NYSE:SUI) from Buy to Hold while increasing the price target from $130 to $143.
January 16, 2024 | 8:39 pm
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Sun Communities was downgraded by Truist Securities from Buy to Hold, although the price target was raised from $130 to $143.
The downgrade to Hold suggests that Truist Securities sees limited upside potential or increased risk in Sun Communities' stock, which could lead to a neutral or slightly negative short-term impact on the stock price. However, the increase in the price target to $143 indicates a positive view on the company's value, which could counterbalance the downgrade's effect. The mixed signals may result in a neutral short-term impact as the market digests both pieces of information.
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