UWM Holdings price target lowered to $5 from $6 at Goldman Sachs

Group 1 - Goldman Sachs lowered the price target on UWM Holdings (UWMC) to $5 from $6 while maintaining a Neutral rating on the shares [1] - Regional banks underperformed the market by 200-300 basis points in 2025 due to macro concerns and credit worries, despite a 13% rally in stocks late in the year [1] - For 2026, factors such as solid loan growth, net interest income momentum, positive operating leverage, and improving returns indicate continued multi-year fundamental improvement, with credit risk being the main wildcard [1]