UWM Holdings Corp. (UWMC) PT Lowered to $4.40 at Jefferies

Jefferies analyst Matthew Hurwit lowered the price target on UWM Holdings Corp. (NYSE: UWMC) to $4.40 (from $5.00) while maintaining a Hold rating.

The analyst comments "UWMC's 1Q revenue guide of $650-850M reset near-term expectations and drove today's volatility. In the follow-up discussion, management reiterated confidence in current wholesale pricing dynamics and did not signal a deviation from the previously discussed 115-130bps framework. The outlook reflects seasonal volume normalization, and expenses are expected to decline sequentially. The debate now centers on execution rather than competitive deterioration."

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