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Add as a preferred source on GoogleBTIG Downgrades UWM Holdings to Neutral as Rate Risks Limit Upside
The preferred-share overhang also limited the stock’s upside, while analyst Douglas Harter still has faith in the company.
BTIG downgraded UWM Holdings Corporation (UWMC) to Neutral from Buy on Monday as interest-rate uncertainty and the overhang from preferred shares limited the stock’s upside.
The rating change affects UWM Holdings, a mortgage wholesaler whose shares trade on the New York Stock Exchange. The preferred-share overhang and rate uncertainty limited the stock’s upside.
Analyst Douglas Harter still has faith in the company.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.