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Sun Communities price target lowered to $143 from $147 at RBC Capital

RBC Capital lowered the firm’s price target on Sun Communities (SUI) to $143 from $147 and keeps an Outperform rating on the shares after its Q2 results. The firm notes that it continues to see the potential for the REIT to re-rate higher with a new CEO, improved operations, a simplified model and a dramatically improved balance sheet, the analyst tells investors in a research note.

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