Rocket Companies Downgraded To Sector Perform From Outperform At RBC Capital

RBC Capital analyst Daniel Perlin downgraded Rocket Companies (RKT) to Sector Perform from Outperform with an unchanged price target of $30.

The stock close Tuesday up $17.30 to $41.60.

The risk/reward is "more balanced" following the stock's 71% rally today and 109% rise since last week's Q4 results, Perlin tells investors in a research note.

The analyst believes the risk/reward "skews to the downside in the near term." Mortgage demand is expected to continue but this is now reflected in the stock, says Perlin.
 

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Bruce M. Knoth 1 month ago Member's comment

Some are just upset they missed out on the run.