UBS Maintains Sell on Rocket Companies, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter maintains a Sell rating on Rocket Companies (NYSE:RKT) but raises the price target from $8.5 to $10.

February 26, 2024 | 3:06 pm
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NEUTRAL IMPACT
UBS maintains a Sell rating on Rocket Companies but raises the price target from $8.5 to $10.
The increase in price target by UBS from $8.5 to $10 for Rocket Companies indicates a slightly more positive outlook on the company's valuation, despite maintaining a Sell rating. This could lead to mixed reactions in the market, as the raised target suggests some level of improved performance or potential, but the Sell rating still signals caution. Investors might see this as a nuanced view, potentially leading to short-term uncertainty in the stock's movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100