10 Stocks Lead Monday’s Charge Amid Market Bloodbath

4. UWM Holdings Corp. (NYSE:UWMC)

UWM Holdings rose by 4.62 percent on Monday to finish at $6.57 apiece after an analyst from Keefe, Bruyette, and Woods upgraded its rating and price target for the company.

In its report released Monday, analyst Bose George raised UWM’s rating to “outperform” from “market perform” previously while also increasing its price target to $7.5 from $6.5, which represents a 14-percent upside from its latest closing price.

According to George, the outlook adjustment was based on his belief that the stock’s 5-percent decline following its fourth-quarter earnings on February 26 was an overreaction, and that the company is expected to benefit largely from a mortgage market that is now transitioning to normal.

Meanwhile, another analyst from Wedbush maintained its hold rating for UWM and set a price target of $6.5.