Citi cuts Rocket Companies as valuation too stretched, lifts Sallie Mae on higher expected balance sheet growth By Investing.com ...Middle East

© Reuters. Citi cuts Rocket Companies as valuation too stretched, lifts Sallie Mae on higher expected balance sheet growth Citi analysts downgraded Rocket Companies (RKT) to Sell from Neutral and upgraded Sallie Mae (SLM (NASDAQ:)) to Buy from Neutral in a note Tuesday covering the US consumer finance sector. The investment bank said they expect 2024 outlooks for consumer finance companies to be in line with or better than consensus expectations. In addition, they believe Credit quality will likely be the biggest focus for investors as NCOs are expected to peak in 1H or the middle of the year. Sallie Mae was upgraded with the target price lifted to $23 from $14 due to higher expected

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