Keefe Bruyette Downgraded UWM Holdings (UWMC), Reduced the PT

UWM Holdings Corporation (NYSE:UWMC) is one of the Best Stocks Under $10 With Biggest Upside PotentialOn July 10, Keefe Bruyette analyst Bose George downgraded UWM Holdings Corporation (NYSE:UWMC) from Outperform to Market Perform, while also reducing the price target from $6.50 to $4.50.

The company reported mixed results for its fiscal first quarter of 2025. Its revenue of $613.37 million grew 7.62% year-over-year, exceeding expectations by $54.57 million. However, the EPS of $0.02 fell short of the market consensus by -$0.02.

Keefe Bruyette Downgraded UWM Holdings (UWMC), Reduced the PT

A woman examining her finances and a mortgage payment plan on her laptop.

Analyst Bose George noted that while the shares of the company remain inexpensive, he does not see any positive catalysts for UWM Holdings Corporation (NYSE:UWMC) in a higher-for-longer interest rate environment.

UWM Holdings Corporation (NYSE:UWMC) specializes in originating, selling, and servicing residential mortgage loans across the United States.

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Disclosure: None. This article is originally published at Insider Monkey.