Barclays Reiterates Underweight Rating on UWM Holdings Corp. (UWMC)

Barclays analyst Mark DeVries reiterated an Underweight rating and $5.00 price target on UWM Holdings Corp. (NYSE: UWMC).

The analyst commented, "On balance, the event highlighted UWMC's innovative mindset and robust investments towards growth, which sustain our view that the company can maintain its market-leading share in the broker channel. However, we remain mindful of the challenging origination outlook and UWM's rich valuation."

For an analyst ratings summary and ratings history on UWM Holdings Corp. click here. For more ratings news on UWM Holdings Corp. click here.

Shares of UWM Holdings Corp. closed at $7.15 yesterday.

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