Sun Communities price target raised to $151 from $148 at RBC Capital

RBC Capital analyst Brad Heffern raised the firm’s price target on Sun Communities (SUI) to $151 from $148 and keeps an Outperform rating on the shares. The company’s Q1 results were strong with a significant B to FFO guidance and the management offering few reasons for the lack of a larger increase to guidance other than it being early in the year, the analyst tells investors in a research note. RBC adds it was good to see RV off to a solid start after years of malaise.