RBC Capital Maintains Outperform on Sun Communities, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Heffern maintains an Outperform rating on Sun Communities (NYSE:SUI) but lowers the price target from $142 to $130.

May 01, 2024 | 5:11 pm
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RBC Capital maintains an Outperform rating on Sun Communities but lowers the price target from $142 to $130.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on Sun Communities' fundamentals but acknowledges external factors or valuation concerns that might limit upside potential in the short term. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of confidence in performance versus the reduced price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90