Wells Fargo Maintains Equal-Weight on Sun Communities, Raises Price Target to $154
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman maintains an Equal-Weight rating on Sun Communities (NYSE:SUI) and raises the price target from $123 to $154.
September 19, 2024 | 2:03 pm
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Wells Fargo has increased the price target for Sun Communities from $123 to $154 while maintaining an Equal-Weight rating. This suggests a positive outlook on the stock's potential value.
The increase in price target from $123 to $154 by Wells Fargo indicates a positive reassessment of Sun Communities' potential market value. Maintaining an Equal-Weight rating suggests that while the stock is expected to perform well, it may not outperform the market significantly. This could lead to a short-term positive impact on the stock price as investors react to the increased target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100