The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays maintains underweight rating on rocket companies amid strategic acquisitions
Barclays analyst Terry Ma has reiterated an underweight rating on Rocket Companies Inc. with a price target of $10, despite a 22% year-to-date stock return. The company is set to acquire Mr. Cooper in a $9.4 billion all-stock deal, expected to enhance its servicing portfolio and operational efficiency.Rocket Companies also plans to acquire Redfin for $1.75 billion, aiming to integrate its online real estate services with digital mortgage lending. Fitch Ratings has placed Rocket Mortgage's ratings under negative watch due to anticipated leverage increases, while Mr. Cooper's ratings are under positive watch following the merger announcement.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.