UPDATE: Credit Suisse Downgrades UWM Holdings Corp. (UWMC) to Underperform

August 9, 2022 4:09 PM EDT
Get Alerts UWMC Hot Sheet
Price: $3.40 -2.58%

Rating Summary:
    1 Buy, 9 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 58
Join SI Premium – FREE
(Updated - August 9, 2022 4:10 PM EDT)

Credit Suisse analyst Douglas Harter downgraded UWM Holdings Corp. (NYSE: UWMC) from Neutral to Underperform with a price target of $3.50 (from $3.75).

The analyst comments "We are downgrading UWMC to an Underperform (from a Neutral) and lowering our target price to $3.50 (from $3.75) as the near-term trough in earnings is lower than previously expected, adding pressure to the premium valuation (on a price-to-book basis) vs. peers."

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 $4.02 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, Downgrades, Hot Comments, Hot Downgrades

Related Entities

Credit Suisse, Earnings