Market Overview

UPDATE: Sterne Agee Downgrades Werner Enterprises to Neutral on Tougher Environment

Related WERN
Top 4 NASDAQ Stocks In The Trucking Industry With The Highest Dividend Yield
UPDATE: Deutsche Bank Raises PT on Werner Enterprises on 2014 Transport Outlook

Sterne Agee reduced its rating on Werner Enterprises (NASDAQ: WERN) from Buy to Neutral and lowered its price target from $28 to $25.

Sterne Agee noted, "Readthroughs from 2Q trucker reports and anecdotal conversations imply a tougher road ahead for organic growth in the truckload space. While WERN is one of the best pure operators in the space, relying solely on organic growth opportunities could lead to disappointing growth in EPS. Unlike other truckers who might make use of their balance sheet to create growth, WERN is likely to underperform."

Werner Enterprises closed at $23.80 on Monday.

Posted-In: Sterne AgeeAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Most Popular

Related Articles (WERN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters