JPMorgan Lowers Rocket Companies Price Target

Rocket Companies (NYSE:RKT) has had its price target reduced by JPMorgan Chase & Co. from $15.50 to $14.00 in a note issued to investors on Friday.

The brokerage presently has a 'neutral' rating on the stock, indicating a potential upside of 4.95% from the company's current price.

Several other brokerages have also recently issued reports on RKT, with BTIG Research reaffirming a 'neutral' rating and Royal Bank Of Canada reiterating a 'sector perform' rating with a $20.00 price target.