Equities researchers at Credit Suisse Group began coverage on shares of UWM Holdings Co. Class (NYSE:UWMC) in a research note issued to investors on Tuesday, Briefing.com reports. The firm set an “outperform” rating and a $10.50 price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 31.09% from the company’s previous close.
Several other brokerages also recently issued reports on UWMC. Deutsche Bank Aktiengesellschaft started coverage on shares of UWM Holdings Co. Class in a report on Tuesday, February 16th. They set a “buy” rating and a $12.00 price target for the company. The Goldman Sachs Group started coverage on shares of UWM Holdings Co. Class in a report on Wednesday, February 17th. They set a “neutral” rating and a $10.50 price target for the company. Finally, Zacks Investment Research downgraded shares of UWM Holdings Co. Class from a “buy” rating to a “hold” rating in a report on Saturday.
UWM Holdings Co. Class stock opened at $8.01 on Tuesday. UWM Holdings Co. Class has a 12 month low of $7.92 and a 12 month high of $14.38.
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates, processes, and underwrites primarily government-sponsored enterprises-conforming mortgage loans; and the Federal Housing Administration, United States Department of Agriculture, and the Veteran Affairs mortgage loans, which are pooled and sold in the secondary market.
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