Barclays Cuts Target Price on United Wholesale Morgtage (UWMC) to $6

UWM Holdings Corporation (NYSE:UWMC) is one of the 14 Most Undervalued NYSE Stocks to Buy According to Analysts. On February 26, Barclays analyst Terry Ma reduced his target price on UWM Holdings by 14.3% to $6 (from $7) but retained the firm’s Overweight call on the stock. Lower 1st-quarter guidance from management, which offset an otherwise solid 4th quarter, was the driver of this target price cut. He also added that the lack of a Q&A portion during the earnings call may have contributed to the stock s ...