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Fly News Breaks for January 29, 2018
WRLD
Jan 29, 2018 | 07:24 EDT
BMO Capital analyst James Fotheringham raised his price target on World Acceptance to $80 after an "impressive" earnings beat in Q3 and the return to organic loan growth for the first time in years. However, the analyst also notes the stock trading at an 84% premium to the high end of peers' average valuation and says that's impossible to justify due to the company's secrecy around loan growth volatility, CEO termination, and Mexican operations investigation. Fotheringham is keeping his Underperform rating on World Acceptance.
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