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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKT:
- Mixed options sentiment in Rocket Companies with shares up 0.96%
- Mixed options sentiment in Rocket Companies with shares down 0.24%
- Option traders moderately bearish in Rocket Companies with shares down 1.75%
- Mixed options sentiment in Rocket Companies with shares down 1.06%
- Unusually active option classes on open December 1st
