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Jefferies maintained a Hold rating on Werner Enterprises
WERN and lowered its price target from $27 to $25.
Jefferies remarked, “Last night, WERN reported 2Q earnings that were in line with expectations. 2Q yields were not as bad as feared, rising 3.1% YoY, following a 3.2% YoY gain in 1Q. We remain more interested in the truck equipment names, given the TLs' need to reinvest into revenue equipment for the next four years.”
Werner Enterprises closed at $23.46 on Wednesday.
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