Evercore ISI upgraded Sun Communities (SUI) to Outperform from In Line with a price target of $141, up from $138. The company’s core mobile home and RV business continues to perform well and with the economy and job growth a bit more uncertain, the firm believes Sun Communities’ earnings trajectory should outpace most other residential REITs over the next 24 months, even if external growth remains muted, the analyst tells investors.
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