UWM Holdings Co. Class (NYSE:UWMC) Coverage Initiated at Credit Suisse Group

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.

About UWM Holdings Co. Class

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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