Barclays analyst Terry Ma upgraded UWM Holdings (UWMC) to Overweight from Equal Weight with an unchanged price target of $6 as part of a Q2 preview for the mortgage finance sector. The origination environment remains challenging, and investors should own balanced business models with meaningful servicing segments, the analyst tells investors in a research note. The firm says UWM shares “look discounted enough to step in.” Barclays views the company as a long-term winner in the mortgage space, with continued broker channel growth helping drive share gains.
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