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Wall Street Analysts Are Bullish on Top Financial Picks

Tipranks - Tue Mar 31, 9:20AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Ping An Insurance Company of China (PIAIF) and Rocket Companies (RKT) with bullish sentiments.

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Ping An Insurance Company of China (PIAIF)

In a report released today, Nika MA from CMB International Securities maintained a Buy rating on Ping An Insurance Company of China, with a price target of HK$90.00. The company’s shares closed last Monday at $7.61, close to its 52-week high of $7.82.

According to TipRanks.com, MA is a 5-star analyst with an average return of 21.7% and a 69.4% success rate. MA covers the Financial sector, focusing on stocks such as China Life Insurance Co, Futu Holdings, and AIA Group. ;'>

Currently, the analyst consensus on Ping An Insurance Company of China is a Strong Buy with an average price target of $10.32, a 37.6% upside from current levels. In a report issued on March 27, DBS also maintained a Buy rating on the stock with a HK$85.00 price target.

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Rocket Companies (RKT)

In a report released today, Mihir Bhatia from Bank of America Securities maintained a Buy rating on Rocket Companies. The company’s shares closed last Monday at $13.76.

According to TipRanks.com, Bhatia is a 4-star analyst with an average return of 5.4% and a 54.1% success rate. Bhatia covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Capital One Financial, and Synchrony Financial. ;'>

Rocket Companies has an analyst consensus of Moderate Buy, with a price target consensus of $23.00, which is a 65.6% upside from current levels. In a report issued on March 15, KBW also upgraded the stock to Buy with a $22.00 price target.

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