** Shares of mortgage lender UWM Holdings UWMC.N rise 3.8% to $6.52
** KBW upgrades UWMC shares to "outperform" from "market perform;" raises PT to $7.50 from $6.50, a 19.4% upside to last close
** Brokerage says the stock decline since Q4 earnings is overdone, adding that UWMC shares look attractive compared to peer Rocket Companies RKT.N
** UWMC appears poised to be one of the main beneficiaries of a normalizing mortgage market given its dominant position in the purchase market and increasing share in refinancing market — KBW
** Three of 12 brokerages rate the stock "buy" or higher, seven "hold" and two "sell;" median PT is $7 — LSEG data
** UWMC stock up 12% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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