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Rocket Companies price target raised to $20 from $17 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Rocket Companies (RKT) to $20 from $17 and keeps a Sector Perform rating on the shares. The firm is adjusting its model after the closing of the Mr. Cooper acquisition, as well as tightening its estimates given the current macro environment post quarter, the analyst tells investors in a research note.

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