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Wall Street Likes Park Owner Sun Communities

August 24, 2011 by   - () Leave a Comment

Equities research analysts at Ladenburg Thalmann initiated coverage on shares of Sun Communities Inc., operators of eight RV parks and more than 120 manufactured housing communities in the U.S.

In a research note to investors today (Aug. 24) the analysts set a “buy” rating and a $43 price target on the stock, according to newsystocks.com.

Separately, analysts at The Benchmark Company raised their price target on shares of Sun Communities Inc from $36 to $39 in a research note to investors on April 12. They now have a “buy” rating on the stock.

Shares of Sun Communities Inc opened today at $35.66 on Wall Street. Sun Communities Inc. has a 52-week low of $26.80 and a 52-week high of $40.21. The stock’s 50-day moving average is $37.08 and its 200-day moving average is $36.49. The company has a market cap of $766.8 million.

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