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RBC Capital Markets LLC initiates coverage of Sun Communities at 'outperform'

RBCCapital Markets LLC analyst Neil Malkin initiated coverage ofSun Communities Inc. witha rating of "outperform," and a price target of $92.

The analyst wrote in a research report: "We believe SUIshares will outperform the peer group and the multifamily sector due to the company'sbetter relative growth profile. We expect SUI to generate higher relative SSrevenue growth due to a favorable supply and demand imbalance for the MH/RV communitiescombined with visibility for strong external growth for several years."