Rocket Companies price target raised to $20 from $18 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Rocket Companies (RKT) to $20 from $18 and keeps a Market Perform rating on the shares. The firm remains reasonably constructive on the mortgage insurers given the expectation that the companies will generate double-digit book value growth, the analyst tells investors in a research note.