BofA raised the firm’s price target on Rocket Companies (RKT) to $15 from $14 and keeps an Underperform rating on the shares following a “decent” Q3 along with “somewhat disappointing” Q4 guidance. Given evolving rate expectations post election and a possible higher for longer environment, a volume bounce back “could take some time” and the firm is concerned that 2025 estimates could come under pressure, the analyst tells investors.
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