JPMorgan and Morgan Stanley Cut Rocket Cos. Price Targets
JPMorgan cut Rocket Cos.’ target from $14.00 to $12.50, while Morgan Stanley lowered its target from $19.00 to $16.00. Ratings held.
- published
- in the api
- on the website
- updated
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Newsmetry API, citing ratings actions from Benzinga, reports that JPMorgan reduced its price target for Rocket Cos. to $12.50 per share from $14.00. The bank maintained its Neutral rating.
Morgan Stanley also lowered its target for Rocket Cos., moving it to $16.00 per share from $19.00. Its Overweight rating was maintained.
JPMorgan additionally cut its price target for PG&E to $17.00 per share from $18.00. The report does not specify a new rating for the company.
why it matters
Target-price revisions signal changes in analysts’ valuations and may affect investor sentiment toward the stocks. Rocket Cos. received cuts from two banks, while their Neutral and Overweight ratings remained unchanged.
instruments
sources
- Rocket Cos. Price Target Cut to $12.50/Share From $14.00 by JP Morgan — Newsmetry API, 12 October 2026 at 16:52 UTC
- PG&E Price Target Cut to $17.00/Share From $18.00 by JP Morgan — Newsmetry API, 12 October 2026 at 16:51 UTC
- Rocket Cos. Price Target Cut to $16.00/Share From $19.00 by Morgan Stanley — Newsmetry API, 12 October 2026 at 17:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗