Mizuho initiated coverage of Sun Communities (SUI) with an Outperform rating and $143 price target The shares trade at a valuation discount to peers and has “several potential re-rate catalysts,” the analyst tells investors in a research note. The firm sees upside to earnings estimates with accretive deployment of Sun’s capital allocation from the Safe Harbor Marina sale.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUI:
- Sun Communities initiated with an Outperform at Zelman
- Sun Communities raises quarterly distribution to $1.12 per share
- Sun Communities Names John McLaren Chief Operating Officer
- Sun Communities price target lowered to $143 from $146 at Evercore ISI
- Sun Communities: Portfolio Simplification, U.K. Uncertainty, and Priced-In Catalysts Justify Hold Rating