World Acceptance price target lowered to $32 from $46 at BMO Capital

BMO Capital analyst James Fotheringham lowered the firm’s price target on World Acceptance (WRLD) to $32 from $46 and keeps an Underperform rating on the shares after its Q3 results. The analyst cites the company’s lower revenues in tandem with its higher credit and funding costs. The stock also trades at a "very meaningful premium" to multiples of its higher-quality peers One Main Holdings (OMF) and Regional Management (RM), the firm added.