JP Morgan Maintains Underweight on Rocket Companies, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains an Underweight rating on Rocket Companies (NYSE:RKT) and raises the price target from $10.5 to $11.

May 03, 2024 | 7:25 pm
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JP Morgan maintains an Underweight rating on Rocket Companies, with a raised price target from $10.5 to $11.
The adjustment in price target by JP Morgan reflects a slightly more optimistic view on Rocket Companies' valuation, yet the Underweight rating indicates ongoing concerns about the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100