UWM Holdings downgraded to Market Perform from Outperform at Keefe Bruyette

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.