The Top 10 Performing Stocks on Wednesday

5. Rocket Companies Inc. (NYSE:RKT)

Rocket Companies surged by 10 percent on Wednesday to finish at $13.86 apiece following Deutsche Bank’s bullish rating for the company.

On Wednesday, the investment bank upgraded RKT to Buy from Hold and reaffirmed its $16 price target.

Deutsche Bank said the upgrade was based on RKT’s $9.4-billion acquisition of Mr. Cooper Group, a move that it said could significantly bolster its market share and earnings.

Additionally, Deutsche Bank said the strategic purchase was a step towards RKT’s goal of gaining 20 percent of the US mortgage borrowing market by 2027. He said that the acquisition could largely benefit the company through more stable revenues across economic cycles and propel its earnings per share to 38 percent over the next two years.