🔴 Rocket Companies is trading 4.39% down today after JPMorgan cut its price target

Rocket Companies is trading at $10.36, down 4.39%, following JPMorgan’s price-target cut.

• JPMorgan lowered its target to $12.50 from $14.00, maintaining a neutral rating; coverage reported shares reached a new 52-week low after the cut.
• The S&P 500 is down 0.58% and the Nasdaq Composite 0.79%. Hotter-than-expected headline inflation keeps investors focused on interest rates, relevant to mortgage demand.
• No separate company announcement for October 14 was identified.