** Jefferies initiates coverage of Sun Communities SUI.N with "buy" rating, saying the sale of Safe Harbor Marina unit will push focus on its core manufactured housing business
** Brokerage says cost restructuring efforts, leadership changes, and expected sale of SUI marina business to decrease its financial leverage
** Brokerage sets PT at $150, a ~25.8% upside on stock's last close
** Six of 12 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is $137 - LSEG data
** Including session's moves, SUI stock down ~3.5% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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