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Fly News Breaks for March 30, 2016
SUI
Mar 30, 2016 | 06:26 EDT
Baird analyst Drew Babin upgraded Sun Communities to Outperform with a $74 price target following news it plans to acquire Carefree Communities and last week's equity offering. The analyst raised his NAV estimate to reflect improved portfolio quality and FFO growth and believe additional upside could be unlocked should Sun explore options to reduce its leverage.
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