Deutsche Bank analyst Mark DeVries upgraded Rocket Companies (RKT) to Buy from Hold with a price target of $16, up from $14. The firm cites the company’s announcement of the pending Mr. Cooper (COOP) acquisition, expecting the deal to provide 38% EPS accretion to Rocket’s 2027 results, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKT:
- Rocket Companies upgraded to Market Perform from Underperform at Keefe Bruyette
- Rocket Companies’ Acquisition of Mr. Cooper: Balancing Strategic Potential with Execution Risks
- RKT, LEN, FMCC: U.S. Mortgage Delinquencies Trend Upwards
- BTIG sees no meaningful regulatory pushback from Mr. Cooper deal
- Rocket acquires Mr. Cooper, Musk’s xAI acquires X: Morning Buzz