Wells Fargo cuts Rocket Cos stock price target on mortgage outlook

Goldman Sachs upgraded Reckitt Benckiser to 'buy', citing accelerating sales growth and a 16% discount to sector earnings. It raised the price target to 6,500 pence and forecasts 4.5% organic sales growth in 2027-2028, driven by emerging markets and new products. Risks include litigation and lower-than-expected sales growth.

Rocket Lab (RKLB) signed a multi-year deal with Synspective for 20 dedicated Electron launches, the largest in the rocket's history. Synspective, a private company, will use the launches to expand its SAR satellite constellation. The missions are scheduled between 2028 and 2031, supporting Synspective's global imaging plans. Financial details were not disclosed.

Accenture shares rose 17.85% after beating earnings estimates and providing in-line guidance. McCormick fell 3.26% despite earnings beat due to margin concerns. Regeneron dropped 4.78% on an $8B Sanofi deal. Rocket Lab gained 1.67% on a 20-launch contract. Broadcom dipped 0.93% after a $42B Anthropic financing deal.

Rocket Lab secured a 20-mission launch deal with Synspective, its largest Electron agreement yet, covering flights from 2028 to 2031. Synspective, a Japanese radar maker, now has 47 launches booked with Rocket Lab, including 34 remaining. This follows Synspective's plan to deploy a second satellite constellation, with 13 of 30 planned satellites already in orbit.

Rocket Companies Inc. (RKT) stock rose 3.07% on September 22, 2026, driven by positive mortgage demand signals. The company reported $2.41B in quarterly revenue and $230M in net income, but negative free cash flow of -$1.41B. RKT's debt-to-equity ratio is 1.16, and it has a P/E ratio of 55.9. Recent developments include a settlement with the FTC and Zillow, a new CEO for Redfin, and the launch of an AI assistant called Rowan.

The Federal Reserve raised interest rates to 3.75%-4%, the first hike in three years, with unanimous FOMC support. Most members expect one more hike this year, with no cuts until 2028. Higher rates may negatively impact housing and home improvement stocks, as mortgage applications fell 19% year-over-year. Fed Chair Kevin Warsh emphasized inflation concerns, noting it remains elevated. Some stocks, like Rocket Companies and Home Depot, may benefit if rates drop and housing activity increases.