UWM Holdings Corp. (UWMC) PT Lowered to $2 at Citizens on Preliminary Q3 Results

Citizens analyst Mikhail Goberman lowered the price target on UWM Holdings Corp. (NYSE: UWMC) to $2.00 (from $3.00) while maintaining a Market Outperform rating.

The analyst commented, "Before market open on Friday, October 23, UWM Holdings Corp. (UWMC), the parent company of the nation’s top wholesale mortgage lender United Wholesale Mortgage, announced preliminary 3Q26 results and updated financial disclosure ahead of the commencement of the measurement period used to determine the subscription price for its upcoming $400M common stock rights offering window on October 27 (which ends on November 9); we reiterate our Market Outperform rating, though lower our price target to $2.00 per share (4.4x our current 2027E adjusted EPS of $0.45) from a prior $3.00 target (6.7x 2027E adjusted EPS)."

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