JPMorgan Lowers Rocket Companies Price Target to $14.00

Rocket Companies' (NYSE:RKT) price target was reduced to $14.00 by JPMorgan Chase & Co., a 9% decrease from its previous estimate of $15.50.

The brokerage firm also maintained its 'neutral' rating on the stock, indicating that it expects little movement in the company's share price.

Other analysts have been split on their views of Rocket Companies, with some upgrading their ratings and others reducing their targets.

In a report released on July 16th, Morgan Stanley upgraded shares of Rocket Companies from an 'equal weight' rating to an 'overweight' rating, while Benchmark reduced its price target from $21.00 to $19.00.