UWMC - UWM Holdings snags Buy rating from Deutsche Bank on loan production margins

Deutsche Bank analyst Ashish Sabadra initiates coverage of UWM Holdings ([[UWMC]]) with a Buy rating and price target of $12."Robust loan production, along with industry-leading gain margins, delivers solid profitability, and solid cash generation and shareholder-friendly capital allocation make it an attractive value proposition," Sabadra writes in a note.Says UWMC's proprietary technology and focus on service empower mortgage brokers and are catalysts to accelerate its shift to wholesale mortgage origination.Sees that shift, combined with share gains and increasing services revenue, sustaining an accelerated growth profile.UWM Holdings initiated a dividend earlier in the month and issued guidance for strong loan volume growth in Q1.

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UWM Holdings snags Buy rating from Deutsche Bank on loan production, margins