Rocket Companies price target lowered to $13 from $14 at Barclays

Barclays lowered the firm’s price target on Rocket Companies (RKT) to $13 from $14 and keeps an Underweight rating on the shares. The company’s Q3 adjusted earnings missed estimates due to weaker margins and volumes, and the Q4 revenue guide is 15% lower than current Street estimates at the midpoint, the analyst tells investors in a research note.