Barclays Initiates Coverage On UWM Hldgs with Underweight Rating, Announces Price Target of $4
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Devries has initiated coverage on UWM Holdings Corporation (UWMC) with an Underweight rating and set a price target of $4.
November 15, 2023 | 9:37 am
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Barclays analyst Mark Devries has initiated coverage on UWM Holdings Corporation with an Underweight rating and a price target of $4.
The initiation of coverage by Barclays with an Underweight rating suggests that the analyst believes UWMC will underperform the market or its sector. The price target of $4 also implies a bearish outlook, which could lead to a negative short-term impact on the stock price as investors may adjust their positions based on this new analyst rating.
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