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[BUSINESS] · 2 sources

Reliance and World Acceptance Upgraded to Strong‑Buy by Wall Street Zen

Wall Street Zen upgraded Reliance (NYSE:RS) and World Acceptance (NASDAQ:WRLD) from "buy" to "strong‑buy" in separate research notes. For Reliance, the upgrade came alongside a mixed set of analyst opinions: Citigroup kept a neutral rating, JPMorgan cut its target price to $376, BMO raised its target to $415 with a market‑perform rating, Wells Fargo lifted its target to $398 with an equal‑weight rating, and Seaport Research Partners raised its target to $390 with a buy rating. Reliance reported quarterly earnings of $6.27 per share, beating estimates, with revenue of $4.63 billion, a net margin of 5.65 % and a 26.5 % year‑over‑year revenue increase.

World Acceptance also received a strong‑buy upgrade from Wall Street Zen, while Weiss Ratings maintained a "hold (c)" rating. The credit‑services firm posted quarterly earnings of $2.12 per share, surpassing expectations, with revenue of $139.21 million, a net margin of 6.71 % and a return on equity of 12.13 %. The company’s market cap stands at $837.91 million. Both upgrades highlight renewed analyst confidence in the two firms amid recent earnings beats.

Entities: Reliance · Wall Street Zen · World Acceptance