Sun Communities upgraded to Buy at Truist on strong 2025 outlook

As previously reported, Truist analyst Anthony Hau upgraded Sun Communities (SUI) to Buy from Hold with a price target of $136, up from $131. The firm believes the 2025 outlook is “strong,” driven by robust growth across segments, potential stabilization in transient RVs, potential flat home sales in the United Kingdom and additional cost-cutting initiatives, the analyst tells investors. In addition, current sentiment on the stock remains “subdued” and valuation appears attractive relative to apartment REITs, the analyst argues.

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