Rocket Companies downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Daniel Perlin downgraded Rocket Companies 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 mortgage demand is expected to continue but this is now reflected in the stock, says Perlin.