B of A Securities Maintains Underperform on Rocket Companies, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Mihir Bhatia maintains an Underperform rating on Rocket Companies (NYSE:RKT) and raises the price target from $7 to $8.

March 18, 2024 | 4:04 pm
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B of A Securities maintains an Underperform rating on Rocket Companies but raises the price target from $7 to $8.
While the increase in the price target from $7 to $8 by B of A Securities suggests a slightly more optimistic outlook on Rocket Companies' valuation, the maintenance of an Underperform rating indicates that the analyst still views the company's prospects negatively in the short term. This mixed signal could lead to neutral market reaction in the short term as investors weigh the improved price target against the negative rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100