BTIG ‘relatively confident’ Two Harbors holders will approve UWM deal

BTIG maintains a Buy rating on UWM Holdings (UWMC) with a $10 price target after the company upped its revenue outlook ahead of the merger vote on March 16. BTIG is “relatively confident” Two Harbors (TWO) shareholders will approve the merger when it goes to vote on March 16. UWM is “one of the more compelling near-term opportunities” at current share levels, the analyst tells investors in a research note. The firm sees the stock rebounding over 10% “fairly quickly if interest rate volatility stabilizes.”