Sun Communities price targets cut by Truist, RBC, Wells Fargo after UK sale

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Summary · why it matters

Sun Communities has seen its price target lowered by multiple analysts following the announced sale of its UK portfolio. Truist cut its target to $138 from $141 while maintaining a Buy rating, and reduced its fiscal 2027 funds from operations estimate to $7.15 from $7.43. RBC Capital lowered its target to $149 from $151 with an Outperform rating, and Wells Fargo reduced its target to $142 from $150 while keeping an Overweight rating, calling the UK exit a key step in its multiple expansion thesis.

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