UWM Holdings price target lowered to $6 from $7 at Barclays

Barclays analyst Terry Ma lowered the firm’s price target on UWM Holdings (UWMC) to $6 from $7 and keeps an Equal Weight rating on the shares following the Q1 report. Technology and promotional pricing investments continue to weigh on the short-term results but should ultimately position UWM to be a long-term winner, the analyst tells investors in a research note. The firm sees a challenging volume environment for the company.