RBC Capital Downgrades Rocket Cos Inc. (RKT) to Sector Perform

RBC Capital analyst Daniel Perlin downgraded Rocket Cos Inc. (NYSE: RKT) from Outperform to Sector Perform with a price target of $30.00.

The analyst commented, "Following a strong quarter late last week and abnormal volatility in the shares today (RKT was up ~71% today and 109% since reporting last week), which has surpassed our Street-high target price of $30 per share, we are downgrading the stock to Sector Perform from Outperform, as we believe the risk/reward is now more balanced, if not skewed to the downside. "

For an analyst ratings summary and ratings history on Rocket Cos Inc. click here. For more ratings news on Rocket Cos Inc. click here.

Shares of Rocket Cos Inc. closed at $24.30 yesterday.

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