Yahoo Finance

RBC Capital lowered the firm’s price target on Equity Lifestyle (ELS) to $68 from $69 and keeps a Sector Perform rating on the shares after its Q4 results and FY25 outlook. The company’s guidance initially screened in line, but some guidance items seem to be stretches and will need to be proven out with future earnings, the analyst tells investors in a research note. While transient RV has been normalizing from COVID for years now, this was the first quarter the firm has heard about the annual business “seeing attrition”, RBC added.

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