Wells Fargo upgrades Rocket Companies, sees 20% comeback despite ‘tough mortgage backdrop’

Econ & Housing

Shares of Rocket Companies have plummeted more than 42% this year, but the stock is due for a comeback despite a “tough mortgage backdrop,” according to Wells Fargo. Analyst Donald Fandetti upgraded shares of the company to overweight from equal weight, saying in a note to clients Wednesday that the company will continue to take…

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