UWM Holdings price target raised to $9.50 from $8.50 at Jefferies

Jefferies analyst Kyle Joseph raised the firm’s price target on UWM Holdings to $9.50 from $8.50 and keeps a Buy rating on the shares. The summer home-buying season should drive sequential EPS improvement and recent economic data supports the path toward rate cuts, the analyst tells investors. Further, home inventory continues to show signs of improving.