Deutsche Bank Initiates Coverage On Rocket Companies with Hold Rating, Announces Price Target of $10
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Mark Devries has initiated coverage on Rocket Companies (NYSE:RKT) with a Hold rating and set a price target of $10.

January 10, 2024 | 12:16 pm
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Deutsche Bank initiated coverage on Rocket Companies with a Hold rating and a price target of $10.
The initiation of coverage by Deutsche Bank with a Hold rating and a specific price target provides investors with a new professional analysis to consider. However, a Hold rating generally suggests that the stock is expected to perform in line with the market or sector, implying neither a significant upside nor downside in the short term. The price target of $10 gives a reference point for valuation but does not necessarily indicate a strong movement in price is expected.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100