Keefe Bruyette analyst Bose George downgraded UWM Holdings (UWMC) to Market Perform from Outperform with a price target of $4.50, down from $6.50. While the shares remain inexpensive, there are no positive catalysts for UWM in a higher for longer interest rate environment, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UWMC: