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Wells Fargo more bullish on Sun Communities, upgrades to Overweight

As previously reported, Wells Fargo upgraded Sun Communities (SUI) to Overweight from Equal Weight with a price target of $150, up from $133. The firm cites Sun Communities’ catalysts for the upgrade, namely 2026 and 2027 growth, guidance upside from $550M of investment firepower, new CEO focused on better operations, and estimates above guide midpoint.

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