Citizens cuts UWM Holdings stock price target on earnings outlook
Citizens lowered its price target on UWM Holdings (UWMC) to $2.00 from $3.00, citing a reduced earnings multiple. The stock trades at $1.45, up 37% in a week. UWM reported Q2 2026 revenue of $888M, beating estimates, but posted a loss. Fitch downgraded its rating to 'B+' due to increased leverage. BTIG downgraded UWMC to Neutral, noting higher interest rate challenges.

