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

Related WERN
Werner Enterprises Beats On Revenue
Earnings Scheduled For October 20, 2014

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.

Latest Ratings for WERN

DateFirmActionFromTo
Oct 2014BarclaysMaintainsEqual-weight
Oct 2014Wells FargoInitiates Coverage onMarket Perform
Sep 2014Wolfe ResearchUpgradesUnderperformPeerperform

View More Analyst Ratings for WERN
View the Latest Analyst Ratings

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

 

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