UWM Holdings price target raised to $10 from $8 at BTIG

BTIG analyst Eric Hagen raised the firm’s price target on UWM Holdings to $10 from $8 and keeps a Buy rating on the shares. UWM reported “good” Q2 earnings and the stock remains the firm’s favorite way to position for lower interest rates, the analyst tells investors in a research note. The company has in place a number of initiatives and incentives to help alleviate the impact of high rates, including covering up to $4,000 of down-payment for borrowers who put down 1% of the purchase price, along with covering the cost of hard credit reports, BTIG says.