UBS Assumes Rocket Companies at Sell, Announces Price Target of $8.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter has initiated coverage on Rocket Companies (NYSE:RKT) with a Sell rating and set a price target of $8.5.

December 06, 2023 | 12:19 pm
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UBS analyst Douglas Harter has given Rocket Companies a Sell rating with a price target of $8.5.
The initiation of coverage by UBS with a Sell rating is likely to influence investor sentiment negatively, potentially leading to a short-term decline in RKT's stock price. The price target of $8.5 suggests that the analyst sees downside potential from the current market price, which could lead to bearish market action in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100