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UBS upgraded UWM to "neutral," but the stock rose 8.2% despite missing earnings expectations.
UBS Group upgraded UWM (UWMC) to a "neutral" rating with a price target of $4.50, despite the company missing earnings expectations.
UWM reported $0.01 earnings per share, short of the expected $0.07.
The company's stock saw an 8.2% increase to $4.73 on Monday, though analysts maintain a "Hold" rating and a $7.21 target price.
UWM, a residential mortgage lender, has a market cap of $7.33 billion.
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UBS actualizó UWM a "neutral", pero el stock subió un 8,2% a pesar de las expectativas de ganancias perdidas.