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KeyBanc downgrades Rocket Lab with growth catalysts well known

KeyBanc last night downgraded Rocket Lab (RKLB) to Sector Weight from Overweight without a price target The company’s multi-year growth catalysts “have become realized” and are now generally well known, the analyst tells investors in a research note. KeyBanc continues to view Rocket Lab as one of the highest quality companies within the space sector, but says the stock’s risk/reward profile appears balanced in the near- to medium-term.

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